April 9, 2021 1:45 pm
Reacting to the latest Ornua PPI (Purchase Price Index), the Irish Farmers’ Association (IFA) Dairy Committee chairman Stephen Arthur said that markets can sustain an increased price for March milk.
The Ornua PPI has risen for the month of March, once again driven by stronger butter and powder returns, the Irish dairy exporter has confirmed. The PPI is 112.6, and is up from 108.5 in the previous month.
When adjusted to include the Ornua Value Payment, this is the equivalent of 35.9c/L, Arthur added.
‘Processors must match Ornua PPI this month’
“While many processors will be removing or reducing seasonal milk bonuses this month, there is no excuse for milk price to fall as a consequence,” Arthur continued.
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