Oireachtas Joint and Select Committees

Wednesday, 22 June 2022

Joint Oireachtas Committee on Agriculture, Food and the Marine

Fixed-Milk Price Contracts: Discussion (Resumed)

Mr. John Jordan:

In terms of future contracts, certainly our view is that they should play a role but, without doubt, people will be scarred from the effects of these events. Again, even at customer level, with the way the market is today there are not people looking to fix product price. It will take time to work through this and there will definitely have to be lessons learned from it, in particular in terms of how those milk price contracts with farmers and co-ops are set and the model and criteria on those, but indeed the contract that Ornua will put in its call for product pricing. We will certainly have to review those. A lot of those discussions will take place before anyone signs up to the next round of fixed-price contracts.