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.”

On Thursday, Lakeland announced it increased its December milk price by 1c/l. Glanbia announced its December price on Friday.

Other co-ops will follow in the coming days.

Listen to "Forecast of 30c/l for Irish dairy farmers in 2017" on Spreaker.

The Irish Farmers Journal reports milk price EX VAT

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