Concerns Raised After Supermarkets Slash Milk Prices

Four of the largest retailers in Ireland have announced price cuts this weekend.

The IFA is warning dairy farmers are "near breaking point" as supermarkets slash the price of milk.

Four of the largest retailers in Ireland have announced price cuts this weekend.

Lidl, Tesco, Aldi and Supervalu have all announced that the price of 2 litres of milk in-store will drop by 10c, according to reports this morning.

While it'll come as welcome news for shoppers, the Irish Farmers' Association has been warning against such a move.

It says cuts to the price of milk so far this year have already amounted to an average loss for dairy farmers of €50,000.

Roscommon Galway Independent TD Michael Fitzmaurice says dairy farmers cannot sustain price cuts implemented by leading supermarkets who have dropped the price of milk by 10 cent.

He says farmers are already being financially squeezed and supermarkets should absorb the price cut:

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