IDB index shows return to growth
The IDB recently released its monthly Production Price Index (PPI). The index showed a return value of 131.9, which indicates a 31.9 per cent increase in market returns when compared to 2010.
The 2013 has demonstrated the fantastic year for dairy returns in Ireland. Since its starting point in January of 111, the index rose significantly over the spring and summer months peaking in September at 133.7.
The PPI 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 the base year of 2010.