Farmers in Ireland are seeing their milk and dairy prices rise to a level not seen since the 1980s.
The price of the products has also soared.
It is now $1.40 per litre, up 4.3 per cent compared to a year ago.
The rise comes after the price of a litre of milk rose by 5.4 per cent in the week to Wednesday.
The average price of milk in the last week was €3.40.
The increase is due to the increased price of fertilised chicken eggs, which rose by 13.5 per cent to €3,000 a litres.
The fertiliser used to fertilise the chicken egg was up 5 per cent, while fertilised milk rose 13.3 to €1,200.
The increased price is largely due to higher prices for dairy products.
The Irish Farmers’ Federation (IFF) is concerned that the higher prices are affecting farmers.
The union says that a lot of farmers are going out of business, especially those who have not received a subsidy, and have no option but to cut their hours.
It says the increase in prices is due mainly to a rise in the price for fertilised eggs, with farmers paying up to $3,400 a litrel more for fertiliser, which is higher than the cost of fertiliser.
The farmers’ association is calling for a national moratorium on new fertiliser applications.
It is also concerned about the impact of higher prices on farmers’ pay.
The IFF says that farmers’ income is the most important factor in determining how much they pay.
A recent report by the Irish Farmers Union (IFU) has said that the fertiliser prices are the most significant factor affecting the economic viability of Irish farming.
In a statement, the IFU said: “It is essential that the Government’s decision not to introduce new fertilisers is implemented in a responsible manner, so that Irish farmers can continue to produce food for all who need it.”
It added: “We believe that if we continue to see a rise of fertilisation costs we will see a further reduction in the ability of Irish farmers to compete in global markets, particularly in food markets.”
In our opinion, if we are not able to compete globally, it will be a serious setback for Ireland’s farmers and the livelihoods of the Irish people.
“It is therefore critical that we have a policy that prevents further increases in fertiliser costs.”