“Since the EU milk quotas were lifted in 2015 milk volumes have been booming. But the boost in volume hasn’t always resulted in a boost in prices for the farmers, and at the same time, Processors have been forced to become more like commodity traders, deviating away from their core strengths. Concept Dairy brings the first full end-to-end, transparent solution for the dairy industry helping farmers lock-in their price, processors understand and manage their risk, and buyers lock in their margins long term and secure their budgets.”
Diarmaid Mac Colgáin is the founder of Concept Dairy, who developed the initial 'concept'. Diarmaid is a seasoned Commodities Trader with over 15 years’ experience. He has been VP of Trading for JP Morgan, Head of Trading at Fortune 100 company World Fuel Services and has been involved in a number of energy start-ups. Most recently Diarmaid was Head of Trading at Ornua Co-Operative Limited, (formerly the Irish Dairy Board), where he first combined his broad commodities expertise with the dairy sector and realised that there was an opportunity to help dairy farmers, processors and buyers.