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Dairy traders told 'do not talk the markets down' ahead of fodder shortage

Traders need to avoid talking down mild cheddar markets as Northern Ireland prepares for a fodder shortage this winter.


Alex   Black

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Alex   Black
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Dairy traders told 'do not talk the markets down' - UFU

 

Ulster Farmers’ Union (UFU) has criticised traders talking down the mild cheddar markets when limited stocks should be supporting prices with milk volumes likely to be lower than expected.

 

Cows had to be housed early, with depleted silage stocks and later cut silage containing negligible nutrient content.

 


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UFU deputy president Ivor Ferguson said while production was on the rise, it had not increased by the levels expected in the price cycle.

 

“There is no denying the fact some dairy commodity products have been facing downward price pressure. However, as far as mild cheddar is concerned, the price is holding up due to limited stocks and lack of available product.”

 

Reflection

 

He added the base price paid to dairy farmers needed to be an accurate reflection of the product mix in Northern Ireland.

 

“The reality is the price of mild cheddar is sustainable at the current higher levels.

 

“With ready product not available until the New Year, we are calling for traders to stop talking down the price of mild cheddar as this is an unrealistic reflection of the market.”

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