Firmer Ornua PPI Validates IFA Market Analysis

IFA National Dairy Chairman Tom Phelan today (Wed) said the small increase in the September Ornua PPI to 103.8 points (30.9c/l incl VAT), was clear validation of IFA’s case that co-ops must stop the slide on milk prices, and start thinking about ways to improve farmer pay-outs over the coming months.

“The Ornua PPI for September reflects, as we have demonstrated, stronger powder prices and stable to firmer butter and cheese returns,” Mr Phelan said.

“We have heard enough talking down of milk prices by co-ops.  Over the next few days, board members must start focusing on how they are going to ensure that Irish dairy farmers, just like their European counterparts, can benefit from firmer dairy returns in stronger milk prices over the coming months,” he concluded.