The Ornua Purchasing Price Index (PPI) lifted again for February. The results which were published on Wednesday 3 March put the index at 108.5 – up from 107.3 last month. This rise translates to an equivalent price lift of 0.4c/litre.
When adjusted for the Ornua Value Payment, and accounting for 7c/litre assumed processing costs, the index puts the February equivalent milk price at 30.11c/litre excluding VAT (31.8c/litre including VAT). Taking the Ferbuary equivalent price at 30.1c/litre and then adding on the estimate of the Ornua Value Payment of 2.77c/litre we get the final comparable equivalent milk price of 32.9c/litre excluding VAT (34.7c/litre including VAT).
Milk league
Farmers can compare this price directly with their own co-op milk price. The average of the January monthly milk league was 30.9c/litre excluding VAT at base solids or €4.37/kg MS at 3.55% protein and 4.2% fat.
The GDT index also finished 15% up this week – the eight consecutive rise. The price of whole milk powder lifted 21% to $4,363/t (€3,617).
Read more
Ornua index lifts for January
Demand for higher milk prices as GDT soars
The Ornua Purchasing Price Index (PPI) lifted again for February. The results which were published on Wednesday 3 March put the index at 108.5 – up from 107.3 last month. This rise translates to an equivalent price lift of 0.4c/litre.
When adjusted for the Ornua Value Payment, and accounting for 7c/litre assumed processing costs, the index puts the February equivalent milk price at 30.11c/litre excluding VAT (31.8c/litre including VAT). Taking the Ferbuary equivalent price at 30.1c/litre and then adding on the estimate of the Ornua Value Payment of 2.77c/litre we get the final comparable equivalent milk price of 32.9c/litre excluding VAT (34.7c/litre including VAT).
Milk league
Farmers can compare this price directly with their own co-op milk price. The average of the January monthly milk league was 30.9c/litre excluding VAT at base solids or €4.37/kg MS at 3.55% protein and 4.2% fat.
The GDT index also finished 15% up this week – the eight consecutive rise. The price of whole milk powder lifted 21% to $4,363/t (€3,617).
Read more
Ornua index lifts for January
Demand for higher milk prices as GDT soars
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