The Ornua purchase price index (PPI) for July 2019 has fallen to 104.0.
This is a farmgate equivalent price of 30.9c/l including VAT, based on Ornua’s product purchase mix and assumed costs of 6.5c/l.
This is down from a PPI of 105.7 (31.6c/l) the previous month.
A spokesperson for Ornua said that the "adjustment for July reflects sharply weaker butter prices, partially offset by improved powder prices and flat returns for cheese".
Ornua purchase price index falls for June
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