The Ornua PPI for September 2019 is 103.8, which is a slight increase from 103.5 in August.
The milk price equivalent is 30.9c/l including VAT based on Ornua’s product purchase mix and assumed costs of 6.5c/l.
A spokesperson for Ornua said the adjustment reflected “stable butter and cheese prices with improved powder returns”.
IFA dairy chair Tom Phelan said the small increase validated the case that co-ops “must stop the slide on milk prices, and start thinking about ways to improve farmer pay-outs over the coming months”.
“We have heard enough talking down of milk prices by co-ops," Phelan said.
"Over the next few days, board members must start focusing on how they are going to ensure that Irish dairy farmers, just like their European counterparts, can benefit from firmer dairy returns in stronger milk prices over the coming months."
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