The PPI has been fallen to 129.4 for last month, down from 138 the previous month.
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Ornua’s Purchase Price Index (PPI) for December estimates its member co-op returns from the market at 35.20c/l excluding VAT for milk supplied at base constituents.
The PPI has been fallen to 129.4 for last month, down from 138 the previous month.
The index is down 22 points from 151.4 in August.
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Ornua’s estimate of member co-ops processing costs was 9.1c/l in month.
Ornua said the results reflect weak market returns for the month of December.
Gross purchases
The value payment payable to member co-ops in the month is €2.4m, which equated to 7.8% of gross purchases in the month.
The PPI relates to product settlements/payments for the month and for reasons of seasonality is not directly aligned with milk production and payment.
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Ornua’s Purchase Price Index (PPI) for December estimates its member co-op returns from the market at 35.20c/l excluding VAT for milk supplied at base constituents.
The PPI has been fallen to 129.4 for last month, down from 138 the previous month.
The index is down 22 points from 151.4 in August.
Ornua’s estimate of member co-ops processing costs was 9.1c/l in month.
Ornua said the results reflect weak market returns for the month of December.
Gross purchases
The value payment payable to member co-ops in the month is €2.4m, which equated to 7.8% of gross purchases in the month.
The PPI relates to product settlements/payments for the month and for reasons of seasonality is not directly aligned with milk production and payment.
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