Ornua PPI up 2.2% for May milk

Ornua’s purchasing price index (PPI) for the month of May 2026 increased by 2.2% on April to 129.8.

The PPI implies an indicative return of 35.02c/l excluding VAT for May’s milk at base constituents net of Ornua costs to the market and having deducted estimated processing costs for last month.

This is an increase on 33.97c/l ex VAT that was quoted by the processor for April.

The estimated cost of member co-ops’ processing costs remained at 9.5c/l for the month of May.

This estimate is based on the average cost of processing the Ornua basket of products, which is not representative of any individual member co-op processor, Ornua has said.

The estimated cost excludes a member co-op margin.

Additionally, the ‘Ornua Value Payment’ payable to member co-ops in the month of May is €8.5m, which equated to 7.1% of gross purchases in the month.

GDT

The announcement of positive Ornua PPI movement came after Tuesday’s Global Dairy Trade (GDT) auction in New Zealand saw average prices drop by 0.6%.

Increases were seen in average prices paid for anhydrous milk fat, lactose, butter milk powder, butter and cheddar.

However, skim milk powder, whole milk powder and mozzarella saw drops in prices.