The PPI Index for December is 103.8 up from 99.4 in November. This is the first time the PPI has crossed the 100 mark since April 2015 and again shows a recovery in the global dairy markets.A PPI of 103.8 equates to a farmgate price of 29.2c/litre (ex VAT). According to Ornua “the Index reflects higher returns in the month across all products.”