Red C: More than three-quarters of Irish consumers believe the economy will deteriorate
Economy
Red C: More than three-quarters of Irish consumers believe the economy will deteriorate
Just 4 per cent of respondents believe the economy will improve, with 82 per cent thinking it will deteriorate
Fionn Thompson
18:02
The latest Red C poll reveals that the majority of Irish consumers are downbeat over the prospects of the economy. Picture: Getty
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Irish Daily Mirror
an hour ago
- Irish Daily Mirror
Irish player lands life-changing prize in mega €220m EuroMillions jackpot draw
A lucky Irish EuroMillions player has kicked off their weekend in style after winning a life-changing six-figure prize in Friday night's draw. The lucky punter was one of 10 winners of the Ireland-Only Raffle in Friday's draw. And while that prize is usually worth €5,000, the National Lottery has added an additional prize of €250,000 for one winner of the Ireland-Only Raffle for all nine draws during the month of May. As a result, the EuroMillions player in question will wake up tomorrow morning a cool €255,000 richer thanks to their winning raffle number - I- SDZ-53784. The other nine Ireland-Only raffle numbers, all worth €5,000 apiece, can be seen here. In total, over 81,000 players in Ireland won prizes in Friday night's EuroMillions and EuroMillions Plus games. In the main EuroMillions draw, the numbers called were: 04, 07, 14, 33, 36 and the Lucky Stars were 01 and 05. No players in Europe managed to bag the €218m jackpot on offer in this draw, although one Irish player did come agonisingly close to scooping the massive sum after missing out on the mammoth jackpot by just one correct number. However, the Irish player still has reason to celebrate after bagging the 4 + 2 Stars prize worth a cool €1,557. Meanwhile the numbers to look out for in Friday's EuroMillions Plus jackpot are 21, 36, 38, 44 and 48. The €500,000 jackpot up for grabs in this draw also went unclaimed, although 92 players in Ireland did €2,000 each after matching four correct numbers. Players across Ireland are now being urged to check their tickets to see if they are among the 81,000 people here who won prizes in tonight's EuroMillions and Plus games. If you hold a winning ticket that you bought in a shop, you must claim your prize within 90 days of the applicable draw date. Ireland's big EuroMillions winner can contact the National Lottery Claims Department at 1800 666 222 (Monday to Friday, 9.15am to 5.30pm) to arrange for collection.
Agriland
2 hours ago
- Agriland
Milk Price Tracker: Majority of co-ops hold price for April supplies
The latest Milk Price Tracker – brought to you by Agriland and the Irish Creamery Milk Suppliers' Association (ICMSA) – details milk prices from the most significant Irish dairy co-ops for the month of March. The co-ops within the Milk Price Tracker are ranked from highest to lowest price for base milk price only. It is important to note that the cent-per-litre (c/L) milk prices shown in the table below are calculated using the widely accepted milk pricing system. The conversion factor used is 1.03, which means that 1L of milk corresponds to 1.03kg of milk. It is Agriland and ICMSA policy not to include support payments, bonuses, or additional payments in the calculation of the base milk price. Milk Price Tracker The majority of co-operatives have decided to hold their milk price for April supplies after many had dropped the price for March supplies. Peak milk production came earlier than usual on many farms this year thanks to high grass growth rates at end of the month of April, so this would have proved to be a big month of milk delivered for many farmers across the country. The general consensus among cooperatives at the moment is that dairy markets have been reasonably stable with global milk production continuing to remain steady despite geopolitical tensions and uncertainty over economical performance worldwide. The west Cork co-ops still lead the milk price tracker as its price was maintained from last month with Lisavaird leading the way with a base milk price of 50.33c/L. All cooperatives held their price for April except for two as Kerry Dairy Ireland and Arrabawn/Tipperary cooperatives dropped their base milk price by 1c/L. The milk prices in the table are those quoted by co-ops for the month of April in 2025. This means that Arrabawn/Tipperary sit bottom of the milk price tracker with a base price of 48.22c/L and this is the third consecutive month that Kerry Dairy Ireland have dropped their price. April bonuses and penalties Further details of bonuses and penalties for the Milk Price Tracker can be found by clicking here. With regard to the latest Milk Price Tracker for March the following explanatory notes (all bonus and penalty payments are based on manufacturing milk) apply. Unconditional bonuses North Cork pays a milk supplementary payment of 1.47c/L (excl. VAT) on April supplies. Conditional bonuses Arrabawn/Tipperary pays a 0.4c/L (excl. VAT) bonus on all milk with a somatic cell count (SCC) less than 200,000 cells/ml; pays a 0.4c/L (excl. VAT) bonus on all milk with a somatic cell count (SCC) less than 200,000 cells/ml; Arrabawn/Tipperary pays a 0.712/L (excl. VAT) sustainability bonus; pays a 0.712/L (excl. VAT) sustainability bonus; Aurivo is paying a 0.5c/L (excl. VAT) future milk sustainability bonus; is paying a 0.5c/L (excl. VAT) future milk sustainability bonus; Aurivo has a milk storage bonus which is available to suppliers with a minimum annual supply of 160,000L that have enough refrigerated storage capacity to cover seven milkings at peak production. The storage bonus of 0.44c/L was taken from the 'C' from September 2021. 'C' is 3.813; has a milk storage bonus which is available to suppliers with a minimum annual supply of 160,000L that have enough refrigerated storage capacity to cover seven milkings at peak production. The storage bonus of 0.44c/L was taken from the 'C' from September 2021. 'C' is 3.813; Aurivo has a 0.21c/L (excl. VAT) protein bonus available for every 0.05% protein achieved, above the co-op average protein %, in an individual month; has a 0.21c/L (excl. VAT) protein bonus available for every 0.05% protein achieved, above the co-op average protein %, in an individual month; Carbery Group pays a bonus of 0.5c/L (excl. VAT) from March to October and a 0.88c/L (excl. VAT) bonus from November to February to suppliers who achieve an SCC of less than 200,000 cells/ml; pays a bonus of 0.5c/L (excl. VAT) from March to October and a 0.88c/L (excl. VAT) bonus from November to February to suppliers who achieve an SCC of less than 200,000 cells/ml; In September 2022, Carbery began to pay a sustainability bonus of 0.5c/L to farmers who have committed to Carbery's futureproof programme. This is 1.25c/L for 2025 and is paid on all milk supplied by farmers who have signed a sustainability pledge and complete three actions. This is paid in January each year; began to pay a sustainability bonus of 0.5c/L to farmers who have committed to Carbery's futureproof programme. This is 1.25c/L for 2025 and is paid on all milk supplied by farmers who have signed a sustainability pledge and complete three actions. This is paid in January each year; Dairygold has a maximum bonus attainable by farmers who achieve the minimum requirements for six criteria (total bacteria count (TBC); thermoduric; sediment; SCC; lactose and inhibitors). This cumulatively amounts to 0.4c/L (excl. VAT); has a maximum bonus attainable by farmers who achieve the minimum requirements for six criteria (total bacteria count (TBC); thermoduric; sediment; SCC; lactose and inhibitors). This cumulatively amounts to 0.4c/L (excl. VAT); Dairygold has a 1.06c/L grassroots sustainability bonus payment for water quality, protected urea, soil health, education, milk recording, herd health and Sustainable Dairy Assurance Scheme (SDAS); has a 1.06c/L grassroots sustainability bonus payment for water quality, protected urea, soil health, education, milk recording, herd health and Sustainable Dairy Assurance Scheme (SDAS); Kerry Dairy Ireland is paying a sustainability bonus of 1.35c/L (excl. VAT) for a range of measures. This payment was introduced in January 2025. This includes the 0.4c/L (excl. VAT) bonus on all milk with an SCC less than 200,000 cells/ml and 0.1c/L (excl. VAT) for SDAS; is paying a sustainability bonus of 1.35c/L (excl. VAT) for a range of measures. This payment was introduced in January 2025. This includes the 0.4c/L (excl. VAT) bonus on all milk with an SCC less than 200,000 cells/ml and 0.1c/L (excl. VAT) for SDAS; Lakeland is paying a 0.47c/L (excl. VAT) milk sustainability bonus; is paying a 0.47c/L (excl. VAT) milk sustainability bonus; North Cork pays a 0.2c/L (excl. VAT) bonus on all milk with an SCC of less than 200,000 cells/ml; pays a 0.2c/L (excl. VAT) bonus on all milk with an SCC of less than 200,000 cells/ml; North Cork pays a 0.135c/L (excl. VAT) bonus if four milk recordings are carried out in the year. It will be paid the following January; pays a 0.135c/L (excl. VAT) bonus if four milk recordings are carried out in the year. It will be paid the following January; Strathroy pays a 0.25c/L (excl. VAT) bonus on all milk with an SCC of less than 200,000 cells/ml; pays a 0.25c/L (excl. VAT) bonus on all milk with an SCC of less than 200,000 cells/ml; Strathroy also pays a 0.25c/L (excl. VAT) bonus on all milk with a TBC of less than 10,000 cells/ml; also pays a 0.25c/L (excl. VAT) bonus on all milk with a TBC of less than 10,000 cells/ml; Strathroy pays a 0.5c/L (excl. VAT) sustainability bonus, this was introduced in January 2024; pays a 0.5c/L (excl. VAT) sustainability bonus, this was introduced in January 2024; Tirlán is paying a sustainability action payment of 0.47c/L (excl. VAT) for March.
Agriland
2 hours ago
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Report: New finance models needed to ‘de-risk' climate adaptation costs on farms
The processor-farmer relationship offers 'significant potential to drive climate transformation in the Irish agri-food sector, according to a new research report published today (Friday, May 30) by the Institute of International and European Affairs (IIEA). In the report 'Farm to Finance: The Processor–Farmer Nexus in Ireland's Agricultural Climate Transition', the IIEA said that the sector faces 'unique challenges' in balancing its climate targets against future competitiveness. But the author of the report, Matthew G. O' Neill, put forward that new 'hybrid financing models' are needed to de-risk investment by farmers because of the high costs associated with climate adaptation and mitigation measures. He also highlighted that agriculture accounts for 37.8% of Ireland's national greenhouse gas (GHG) emissions, which puts pressure on both processors and farmers in the sector to decarbonise. The report stated that the credibility of climate action within Irish agri-food systems 'rests on a good monitoring, reporting, and verification (MRV) system'. In a list of recommendations contained in the report, one outlined that platforms such as Teagasc's AgNav be further developed as independent, farmer-trusted systems, with transparent data governance, consent-based data sharing, and tangible feedback mechanisms to participating farmers. The IIEA also advised that blended finance models, sovereign-backed transition bonds, and tailored green loan products could be aligned with 'sector specific realities' to facilitate access for smaller farms. The third recommendation the report made was to promote the fairer distribution of transition costs across the food chain. It claims that sustainably linked price signals should be strengthened through voluntary and regulatory mechanisms. According to the report, expanding sustainability incentive structures, integrating technologies with safeguards, and sustaining legitimacy and commitment. IIEA report The IIEA hosted a panel discussion about the report in Dublin today (Mayo 30). Participants on the panel included the Irish Farmers' Association's (IFA) chief economist, Tadhg Buckley, Irish Business and Employers' Confederation's (IBEC) Dale Crammond, farmer and Talamh Beo representative, Ailbhe Gerrard and Agriland, deputy news editor, Francess McDonnell. IFA economist Buckley believes that the relationship between farmers and processors is 'incredibly integrated'. He said: 'Something we often don't realise is that the vast majority of farmers in Ireland don't actually interact with consumers. 'Their interaction with the marketplace is through their processor. So the processor plays a huge role in the overall framework.' 'In terms of incentivising farmers to the sustainability challenge, that relationship is absolutely integral, it's the most important relation of all actually, it's the processor farmer relationship,' Buckley added. IBEC's director of meat industry claimed that processors have to do 'everything they can' to try and advance the sustainability agenda. He believes the consumer has a significant influence on the relationship between the processor and the farmer. Crammond said: 'The price (consumers) are prepared to pay for sustainably produced products, my concern would be that there is a limit to that. 'We've seen a very significant increase in the price of beef, but that has created a challenge for the processing sector, in terms of being able to get those returns back in the marketplace,' the IBEC director explained. Source IIEA During the discussion on the report Ailbhe Grogan, representing Talamh Beo, also commented on key theme identified in the report highlighted the role that the retailer plays in the food processing chain. She said: 'With the centralisation of meat processing in larger and larger factories, I would love to see an EU supported and national government supported mobile abattoir for animal welfare that go to the farms. 'I think that there is absolutely a place for decentralising and denationalise things, quite a lot of it.' 'It takes time, it takes effort, it takes input and I would love to see the retailers and the meat processing industry talking with farmers, because farmers would like to have more options for animal kills and and more local processing,' Grogan added.
