Irish dairy market returns up 22.7% since February
Results published by the Irish Dairy Board (IDB) show continued strong performance in the Irish dairy sector with increased returns of 22.7 per cent since February.
The IDB this morning released its monthly Production Price Index (PPI). The index showed a return value of 133.7, which implies 33.7 per cent increase in market returns when compared to 2010.
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.
The September results released today are very encouraging for the sector and follow on form excellent results over the spring and summer showing seven straight months of increases since February.
The PPI is available here.
Cows on grass. Photo O’Gorman Photography
By Ciaran Moran