Global Dairy Trade reports downward prices for second month
Prices at the latest Global Dairy Trade auction have fallen on the last event.
The results of the auction concluded with the Global Dairy Trade Price Index down 7.4%. It is the second auction in a row where the result has been down, with the October 20 auction being down 3.1%.
The four auctions since August 18 had seen the average auction price rise, after a long series of falls in price.
- AMF index down 5.7%, average price US$3,647/MT
- Butter index down 5.6%, average price US$1,844/MT
- BMP index down 9.4%, average price US$1,844/MT
- Ched index down 4.6%, average price US$2,987/MT
- LAC index not available
- RenCas index down 11.2%, average price US$5,469/MT
- SMP index down 8.0%, average price US$2,018/MT
- WMP index 8.0%, average price US$2,453/MT
September milk intake at Irish creameries up 16% year-on-year
Meanwhile, at home the September milk intake by Irish creameries and pasteurisers was up 16% year-on-year, figures from the Central Statistics Office (CSO) show.
Milk intake was estimated at 602.4m litres for September 2015.
This figure is 16% up on the 519.2m litres taken in during September 2014. So far this year, some 5326.5m litres of milk has been taken in by Irish creameries and pasteurisers.
This figure is 479.5m litres ahead of the amount of milk collected as of September 2014 (4847m litres).
From January to September 2015, 5,326.6m litres have been collected by creameries and pasteurisers. This figure is up 9.9% on the corresponding period in 2014, the figures show.
Comparing the September 2015 milk produce figures with those for September 2014 shows that total milk sold for human consumption increased by 8.2% to 42.4m litres, the figures show.
The CSO figures show that Irish butter production was up 20.3% to 18,900t.
As of September 2015, 161,600t of butter has been collected, this is almost at last year’s total amount, which was 166,400t.