Dairy Tag

IDB REBRAND COMPLETED

On Tuesday 31st March the Irish Dairy Board (IDB) completed the adoption of their new corporate identify, Ornua (‘new gold’ in Irish).  It is the second time in just over 50yrs that they have changed their name. They were established as An Bord Bianne (The...

IDB NAME CHANGE

On Monday 23rd Feb 2015 members of the Irish Dairy Board Co-Op voted in favour of changing IDB’s name to Ornua Co-operative Limited and have approved the adoption of a new corporate identity, Ornua, which means ‘new gold’—which they say is a reflection of the...

IRISH INVEST €35M IN INNOVATION

A total of €35m will be invested by the Irish government and  dairy industry in two dairy research and innovation centres in Limerick and Cork. €25m will be spent on building a Dairy Processing Technology Centre at the University of Limerick. A further €10 million...

REPORT HIGHLIGHTS ROLE OF CORK AS “DAIRY HUB”

A new report from Cork's Institute of Technology says the city will benefit from 4,000 new jobs by 2020 and exports will grow by €450m as a consequence of recent investments in the local dairy infrastructure. Dairygold is investing €117m in Mitchelstown & Mallow of...

IDB INDEX DOWN TO 94.4 IN DECEMBER

The IDB’s Purchase Price Index was down 5.1% in December to 94.4. The index fell a combined 30% in 2014, by far the biggest fall ever recorded. The average Irish farmgate milk price averaged 33.5c/litre in 2014, an all-time high, but prices at the start...

Dairy product price index drop by 0.6% in the latest Global Dairy Trade auction

Key figures to note include: AMF index up 3.6%, average price US$3,566/MT Butter index up 4.9%, average price US$2,940/MT BMP index down 2.5%, average price US$3,886/MT Ched index down 7.9%, average price US$3,453/MT LAC not offered RenCas index down 0.8%, average price US$9,601/MT SMP index down 12.0%, average price US$2,874/MT WMP index up...

Russia – Food Dairy Ban to cost Ireland €8 million

This new figure released today to estimate the loss to Ireland’s dairy sector is much lower than what was previously suggested. Ireland’s Minister for Agriculture, Food and Marine Simon Coveney is taking part in talks at EU level about possible compensation/ assistance for dairy producers....

Saudi Arabia – Opportunities for Ireland’s Cheese Market

  According to Bord Bia’s Michael Hussey, Saudi Arabia presents new opportunities for Ireland’s cheese and dairy sectors.  The large attractive market was worth €1.14 billion in 2013. The market, which is growing at 5% CARG at constant prices, is divided into Natural & Processed cheese....

Ireland – Russian Food Ban A Worry For Ireland’s Cheese sector

Mr Simon Coveney Ireland’s Minister for Agriculture has said that the impact of Russia’s food ban will be a “real worry” for Ireland’s cheese sector. “I think the big worry in Ireland will probably be cheese, last year we exported about €4.5m worth of cheese...