The MPI is published fortnightly by the UFU and aims to give NI dairy farmers an indication of returns available from commodity markets.
The indicator sat at 28.66ppl two weeks ago, with the latest jump representing the third successive MPI increase.
Butter prices continuing to increase and recovering of Skimmed Milk Powder (SMP) prices were cited by the UFU as positive market signals.
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Dutch Dairy Board butter prices increased by a record €650/t over the past two weeks to €5,370/t, and SMP prices increased by €140/t over the same period to €1,970/t.
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The MPI is published fortnightly by the UFU and aims to give NI dairy farmers an indication of returns available from commodity markets.
The indicator sat at 28.66ppl two weeks ago, with the latest jump representing the third successive MPI increase.
Butter prices continuing to increase and recovering of Skimmed Milk Powder (SMP) prices were cited by the UFU as positive market signals.
Dutch Dairy Board butter prices increased by a record €650/t over the past two weeks to €5,370/t, and SMP prices increased by €140/t over the same period to €1,970/t.
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