Irish dairy farmers have also sought to learn from their New Zealand counterparts which supply milk to Fonterra. The difficulties experienced by Fonterra underline the precarious nature of trading in international dairy markets. Separately, some people in Irish dairy co-ops may be relieved that another recent development in Fonterra is unlikely to set a precedent here. Notwithstanding what some Irish dairy farmers may wish for, it's unlikely that Ireland's Minister for Agriculture, Michael Creed, will be rushing to explore that idea. It believes that savings from Project Renew are not sufficient to offset the ongoing costs inflation.

Source: Irish Independent June 09, 2019 05:37 UTC