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. Colin Kelly:

If we looked at it and went on the industry publications, bearing in mind we are about one third of fixed price, it appears there is about 1 billion litres of fixed-price product in Ireland and we produce 8.6 billion litres of product in Ireland. If you were doing a quick sum, you would take that 1 billion over 8.6 billion and say the price needs to go up 12% to 15% to cover that. Each co-op and farmer has different exposure, however, so it is not a simple sum.