The Ornua purchase price index (PPI) for July 2019 has fallen to 104.0.

This is a farmgate equivalent price of 30.9c/l including VAT, based on Ornua’s product purchase mix and assumed costs of 6.5c/l.

This is down from a PPI of 105.7 (31.6c/l) the previous month.

A spokesperson for Ornua said that the "adjustment for July reflects sharply weaker butter prices, partially offset by improved powder prices and flat returns for cheese".

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