Prices held steady at this week's Global Dairy Trade auction, with prices up marginally by 0.9%.
The main movers at today's event were anhydrous milk fat, up 5.3%, and butter prices, up 1.2%.
The only other dairy product that recorded an increase was whole milk powder (WMP), which was up 0.6%.
Full breakdown of prices
AMF index up 5.3%, average price US$6,764/MT.Butter index up 1.2%, average price US$6,026/MT.BMP not offeredChed index down 1.9%, average price US$4,032/MT.LAC index down 3.8%, average price US$759/MT.RenCas index down 2.4%, average price US$6,036/MT.SMP index down 1.2%, average price US$1,920/MT.WMP index up 0.6%, average price US$3,122/MT.'Solid year of milk prices'
Meanwhile, dairy farmers can expect a solid year of milk prices in 2018 with markets expected to make good returns, although there are factors which could negatively influence the price, Jim Bergin has said.
The chief executive and director of Glanbia Ireland told delegates at the 2017 Agricultural Science Association (ASA) annual conference that weather, as well as production in Europe, the US and New Zealand, will all affect milk price here.
“The most immediate effect (on price) is weather,” Bergin said.
“Secondly, we have to look at what’s happening in Europe,” Bergin said, adding that milk production in France and Germany has recovered after well after culling following the dairy downturn of two years ago.
He said that despite heavy rain in New Zealand, farmers there have “hit the ground running and the price is good”.
"I wouldn’t expect an overheated market in 2018."
Read more
Dairy markets: butter continues to underpin markets
€50m Brexit loss to Irish cheddar
Prices held steady at this week's Global Dairy Trade auction, with prices up marginally by 0.9%.
The main movers at today's event were anhydrous milk fat, up 5.3%, and butter prices, up 1.2%.
The only other dairy product that recorded an increase was whole milk powder (WMP), which was up 0.6%.
Full breakdown of prices
AMF index up 5.3%, average price US$6,764/MT.Butter index up 1.2%, average price US$6,026/MT.BMP not offeredChed index down 1.9%, average price US$4,032/MT.LAC index down 3.8%, average price US$759/MT.RenCas index down 2.4%, average price US$6,036/MT.SMP index down 1.2%, average price US$1,920/MT.WMP index up 0.6%, average price US$3,122/MT.'Solid year of milk prices'
Meanwhile, dairy farmers can expect a solid year of milk prices in 2018 with markets expected to make good returns, although there are factors which could negatively influence the price, Jim Bergin has said.
The chief executive and director of Glanbia Ireland told delegates at the 2017 Agricultural Science Association (ASA) annual conference that weather, as well as production in Europe, the US and New Zealand, will all affect milk price here.
“The most immediate effect (on price) is weather,” Bergin said.
“Secondly, we have to look at what’s happening in Europe,” Bergin said, adding that milk production in France and Germany has recovered after well after culling following the dairy downturn of two years ago.
He said that despite heavy rain in New Zealand, farmers there have “hit the ground running and the price is good”.
"I wouldn’t expect an overheated market in 2018."
Read more
Dairy markets: butter continues to underpin markets
€50m Brexit loss to Irish cheddar
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