Rabobank predicts Ireland to be main beneficiary from milk quota removals
THE National Food and Agribusiness Conference will take place on 6th June at Croke Park and co-sponsor Rabobank will be on hand to discuss the freedom from milk quotas and the opportunity this presents for Ireland’s dairy industry.
Kevin Bellamy, senior global dairy analyst, at Rabobank International, who will speak at the event said: “Removal of milk quotas in 2015 will allow the Irish dairy sector to establish itself as the low cost source of production for the Northern hemisphere, taking advantage of the growing demand for dairy products around the world. We would see Ireland as one of the key beneficiaries of the removal of the quotas,” he said.
During his presentation, Rabobank’s Bellamy will look at among other things: how are European countries responding to the quota free opportunity; where the markets are for the new milk; and what are the issues for the Irish dairy sector after April 2015.
Rabobank believes that the cost of producing versus buying milk in developing markets will maintain import demand and that demand from low cost, growth markets will help to absorb the additional milk globally in the medium to long term, but competition will still be stiff. However, while European players are gearing up to quota abolition potential issues for the industry to solve are access to markets, seasonality of production, and price and currency volatility. Capital investment will be required across the supply chain.
The National Food & Agribusiness Conference aims to bring together key food and agribusiness stakeholders from Ireland and abroad. This year’s programme will focus on what business can do to promote and ensure growth, looking at strategies from home and abroad relating to competitiveness, sustainability, innovation, delivery solutions, lean strategies and investment.
The speaker line-up for the conference includes: Simon Coveney, minister for agriculture; Aidan Cotter, Chief Executive, Bord Bia; Dr Martin Scheele, European Commission; Kevin Bellamy, senior global dairy analyst, Rabobank International; Ronnie Wilson, Chief Executive, Monaghan Mushrooms; and Professor Damien McLoughlin, professor of marketing, University College Dublin.
For further information on the conference visit www.agribusinesssummit.ie
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Saturday 18 May 2013
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