Ornua PPI increases for October

Ornua PPI increases for OctoberOrnua PPI increases for October

The Ornua Purchase Price Index (PPI) for a month of Oct has continued a certain arise from final month, augmenting once again, according to a dairy exporter cooperative.

Released today, Thursday, Nov 7, a index for Oct 2019 is 105.6, according to Ornua.

This is practiced from 103.8 available in Sep 2019.

The composition for Oct reflects aloft powder and fast butter earnings offsetting reduce cheddar returns, a orator for a dairy hulk said.

GDT annals fourth increase

Meanwhile, on Tuesday, Nov 5, it was suggested that a GDT cost index has increasing for a fourth unbroken time.

At a auction, a GDT’s eventuality 247 resolved with a GDT Price Index adult 3.7%.

Lasting dual hours and 37 minutes, yesterday’s auction saw 199 participating bidders go conduct to conduct opposite 17 rounds with 139 winning bidders emerging.

A sum of 38,681MT of product was sole on a day.

Key results:

  • AMF index adult 2.6%, normal cost US$5,191/MT;
  • Butter index adult 0.2%, normal cost US$4,117/MT;
  • BMP index adult 5.4%, normal cost US$2,786/MT;
  • Ched index down 0.6%, normal cost US$3,609/MT;
  • LAC index down 1.9%, normal cost US$768/MT;
  • RenCas index adult 5.1%, normal cost US$7,274/MT;
  • SMP index adult 6.7%, normal cost US$2,924/MT;
  • SWP index not available;
  • WMP index adult 3.6%, average.

The latest proposal outlines a fourth uninterrupted arise for a GDT index, following on from 3 decreases on a run previously.

Article source: https://www.agriland.ie/farming-news/ornua-ppi-increases-for-october/

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