Ornua’s purchase price index (PPI) rose by 1.7% in April, recovering part of the losses observed in March to return a farmgate price of 29.99c/l excluding VAT.
"The adjustment for April reflects higher butter prices and generally stable to improved returns for the powder variants," a spokesperson said. The PPI index had fallen by 3% in March, with many processors holding or cutting milk prices.
On Tuesday, the New Zealand-based Global Dairy Trade saw prices rise at its 11th auction in a row.
Co-ops are now preparing to set prices for the high volumes produced in April.
Read more
Dairy markets: Friesland Campina cuts farmgate milk price again
PPI slides as spring milk supply ramps up
Global Dairy Trade auction sees 11th consecutive increase
Ornua’s purchase price index (PPI) rose by 1.7% in April, recovering part of the losses observed in March to return a farmgate price of 29.99c/l excluding VAT.
"The adjustment for April reflects higher butter prices and generally stable to improved returns for the powder variants," a spokesperson said. The PPI index had fallen by 3% in March, with many processors holding or cutting milk prices.
On Tuesday, the New Zealand-based Global Dairy Trade saw prices rise at its 11th auction in a row.
Co-ops are now preparing to set prices for the high volumes produced in April.
Read more
Dairy markets: Friesland Campina cuts farmgate milk price again
PPI slides as spring milk supply ramps up
Global Dairy Trade auction sees 11th consecutive increase
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