The Dairy sector response to COVID-19
Teagasc's Chief Economist Kevin Hanrahan joins Emma-Louise Coffey on this week's Dairy Edge to discuss how Covid-19 is impacting on the Irish Dairy Sector.
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Show Notes
Teagasc's Chief Economist Kevin Hanrahan joins Emma-Louise Coffey on this week's Dairy Edge to discuss how Covid-19 is impacting on the Irish Dairy Sector.
Kevin gives an insight into the effect of COVID-19 on the demand for dairy and the shift in the demand from dairy products to almost solely retail (supermarkets) with a decline in food service sector.
Kevin reassures us that milk co-ops and plcs are continuing to process milk during peak production, while maintaining social distancing and hygiene practices.
Looking to milk price outlook for 2020, Kevin acknowledges that milk price will be lower than predicted and this is primarily a result of COVID-19.
Market recovery and demand for higher value products will depend on how restrictions continue across the world and consumer income.
For more episodes from the Dairy Edge podcast go to the show page at:
https://www.teagasc.ie/animals/dairy/the-dairy-edge-podcast/