2012 A YEAR TO FORGET SAYS TOWN OF MONAGHAN CHIEF – BUT LONG-TERM MESSAGE REMAINS POSITIVE

20 December 2012 No Comments by The Northern Standard

While markets for the first quarter of the New Year were likely to remain positive, falling market prices, increased costs and adverse weather conditions combined to make 2012 a year to forget, Town of Monaghan Co-op Chief Executive Vincent Gilhawley has stated.
In a reflection on the past 12 months from a dairying perspective published in the December edition of Town of Monaghan’s “Farm News”, Mr Gilhawley acknowledges the difficulties the sector experienced over the past year but emphasises the resilience the industry has traditionally exhibited in coping with testing circumstances, and concludes that “…the long-term message from the market place remains positive.”
The following is the full text of his analysis:
 Traditionally, this is a time of year for looking back and reviewing the events of the previous 12 months. This is one occasion however, on which it is best not to dwell too long on a recap. From a dairying perspective, it can be briefly summarised as follows: Falling market prices in the first half of the year, one of the wettest years on record, significantly increased feed costs and zero profitability. A year to forget.
Hope springs eternal, however, and the dairy industry here has shown itself to be quite resilient through many previous difficulties. Confidence may be somewhat dented by the events of the previous 12 months but the long-term message from the market place remains positive.
Growth in global demand for dairy products is averaging 20 million tonnes per annum, equivalent to c. 3% of current world demand. Underpinning this growth are the popularity of dairy products, the …

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