The Ornua Purchasing Price Index (PPI) held steady for December. The result, which was published Wednesday 6 January, put the index at 104.2 down from 104.3 last month.
When adjusted for the Ornua Value Payment and accounting for 7c/l assumed processing costs, it puts the October equivalent milk price at 31.22 c/l ex VAT (32.9 incl VAT). Using the index we calculate the December equivalent price at 28.7 c/l and then add on the estimate of the Ornua Value Payment of 2.52c/l to get the equivalent of 31.2c/l ex VAT (32.9 incl VAT). Farmers can compare this Ornua price directly with their own co-op milk prices.