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LSL News

Residential Property Price Index January 2022

The Central Statistics Office (CSO) published the Residential Property Price Index (RPPI) for January 2022 last week. Reviewing the figures, statistician Viacheslav Voronovich comments that: “Residential property prices rose by 14.8% in the 12 months to January 2022, up from 14.3% in December 2021. In Dublin, residential property prices saw an increase of 13.3%, while property prices outside Dublin were 16% higher.” “In Dublin, house prices increased by 13.6% and…

Rabobank forecasts good upcoming results for dairy

Rabobank’s most recent Global Dairy Quarterly indicates that milk prices could hold at current high levels through the first half of this year. It predicts that production for the first quarter of 2022 in the world’s major exporting regions will fall by 0.7% compared to 2021. Rising input costs, labour shortages and unfavourable weather in some areas have limited farmers’ ability to take advantage of the current high prices by…

Small recovery of UK sheepmeat exports earlier this year

UK exports of fresh and frozen sheepmeat staged a slight recovery in January this year. The Agriculture and Horticulture Development Board (AHDB) said that figures from the HMRC show that exports of sheepmeat increased by 489 tonnes on the same period in 2021. Volumes during the month totalled just over 4,000 tonnes, which was 13% higher than year earlier levels the AHDB said. However, volumes were significantly below pre-Brexit levels in both…

Hazardous farm waste collection scheme planned

A new scheme will see hazardous farm waste collected from designated drop-off points across the country. This will include everything from empty pesticide containers, veterinary medicine waste and used oil. The venture will be overseen by the Department of Agriculture and the Department of the Environment, with discussions on the establishment of the scheme expected to commence in the first half of 2022. The Environmental Protection Agency’s (EPA) waste management…

ICMSA calls for broader focus to Food Vision Group outcomes

Concerns have been raised regarding the focus of the Food Vision Dairy Group. The group has been tasked with finding ways for the dairy sector to help achieve targets for agriculture and land use in the Climate Action Plan 2021. According to Irish Creamery Milk Suppliers’ Association’s (ICMSA) Dairy Committee Chair Noel Murphy, it is narrowly focused on dairying, which he adds is not good enough. He says that the group…

Pottinger launches latest Terrasam seed drills

Pottinger has announced its latest range of trailed Terrasam seed drills in the form of the Terrasem V 8000 D and Terrasem V 9000 D, which are high end models. They are said to work in widths of 8m and 9m and are custom-equipped to handle site-specific conditions. According to Pottinger, the disc harrow is fitted as standard as the leading tillage tool, and makes the machine ideal for mulch…

DAFM closer to establishing a food ombudsman

With various solutions under discussion addressing concerns regarding the increase of input costs in the farming sector, it appears as though the first steps in creating a food ombudsman appear to be in its infancy stage. According to the Department of Agriculture, Food and the Marine (DAFM), the office is a step closer to establishing it. Approval from Cabinet is expected on Tuesday, while Minister for Agriculture, Food and the…

Bank of Ireland adjusts its mortgage rates this week

The Bank of Ireland has announced that it is cutting some of its mortgage rates. The move comes after ICS Mortgages increased some of its key fixed rates earlier this past week, citing higher costs of wholesale funding – prompting fears that other lenders were to follow with rate rises. It is anticipated that The European Central Bank will raise its key lending rate by the end of 2022, while…