The auction on Tuesday concluded with the GDT price Index up 1.9%.

Key results

  • AMF index up 5.8%, average price US$6,354/MT.
  • Butter index up 2.4%, average price US$5,787/MT.
  • BMP not offered.
  • Ched index up 4.4%, average price US$4,205/MT.
  • LAC index down 3.5%, average price US$687/MT.
  • RenCas index down 6.1%, average price US$4,876/MT.
  • SMP index up 3.0%, average price US$2,047/MT.
  • SWP index not available, average price not available.
  • WMP index up 0.2%, average price US$3,226/MT.

    • Spring

    For many farmers spring only started two weeks ago, according to IFA national dairy committee chair Tom Phelan. He said that major price cuts by co-ops in the last two months, in addition to the very poor weather, depressing volumes and constituents and increasing feed costs, have eroded margins massively and caused major hardship and frustration for dairy farmers.

    “It is crucial for co-ops to continue putting their best foot forward and supporting farmers by maintaining the strongest possible milk pay-out for April supplies,” Phelan said.

    “In this respect, and after Lakeland held its base price, the move by Glanbia to cut both base price and support was disappointing, and I urge other co-ops to do better."

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    Ornua PPI stands at just over 28c/l