Rabobank: Growing milk supply no longer pays for Irish farmers

Rabobank: Growing milk supply no longer pays for Irish farmers

Shrinking profit margins mean milk supply growth is “no longer economically viable” for Irish farmers, Rabobank has warned today (Wednesday, June 10). Analysts have cautioned that rising costs and tightening returns are undermining the case for further expansion across the sector. Because milk prices have fallen below the cost of production margins are under increasing pressure and this, according to Rabobank, will ultimately have a knock on eff…