Higher than average returns for dairy sector in August
As the autumn of 2013 begins, the outlook for the dairy sector in Ireland is very positive as indicated by the Irish Dairy Board (IDB).
Published this morning, the IDB’s Purchase Price Index for August 2013 was 133.5. The PP Index is a rolling monthly indicator of market returns on primary dairy products sold by the IDB (typically butter, cheese, whole milk powder and protein products), relative to comparable returns generated in a base year (2010).
The PP Index was 133.5 in August and this implies that the market has generated a return 33.5 per cent higher than the average return in 2010.
For the first seven months of 2013, the IDB index was on average 20 per cent above the 2010 base.