Strong demand continues to underpin dairy markets, with prices up again at the final Dutch Dairy Board auction for 2021.
Butter increased by €70 to €6,070/t, and has now gone up in 21 out of the last 23 weeks going back to late July.
Skim milk powder rose by €80/t to €3,450, with whole milk powder up by €30/t to €4,270.
ADVERTISEMENT
Those increases are reflected in the latest UFU Milk Price Indicator (MPI), which is now at a record high of 39.84p/l, a 1.27p/l increase from early December.
Allowing 3p to 4p/l to cover processor costs and margins, the MPI points to farmgate milk prices in excess of 35p/l during the first quarter of 2022.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
Strong demand continues to underpin dairy markets, with prices up again at the final Dutch Dairy Board auction for 2021.
Butter increased by €70 to €6,070/t, and has now gone up in 21 out of the last 23 weeks going back to late July.
Skim milk powder rose by €80/t to €3,450, with whole milk powder up by €30/t to €4,270.
Those increases are reflected in the latest UFU Milk Price Indicator (MPI), which is now at a record high of 39.84p/l, a 1.27p/l increase from early December.
Allowing 3p to 4p/l to cover processor costs and margins, the MPI points to farmgate milk prices in excess of 35p/l during the first quarter of 2022.
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS