December PPI down marginally but returns ‘generally stable’
Ornua’s Purchase Price Index (PPI) has slipped marginally for the month of December, the Irish dairy exporter has confirmed.
In a brief statement to AgriLand today (Wednesday, January 6), a spokesperson for Ornua said:
“The PPI for the month of December is 104.2 and is line with the previous month of 104.3.”
This a slight decrease of 0.1c/L on the 30.3c/L equivalent figure for November.
Continuing, the spokesperson said: “Returns are generally stable across the product range.
“In addition, the Ornua Value Payment payable to members in the month is €5.2 million, which equated to 7.1% of gross purchases in the month [year to date 5.2%].”
Meanwhile, the Global Dairy Trade (GDT) index posted a strong increase in the first auction of 2021 to mark four increases on the trot in recent outings.
Lasting two hours and 38 minutes, the auction saw 178 bidders participate across 19 rounds, with 110 winning bidders emerging.
A total of 30,313MT of product was sold on the day.
This latest auction marks seven overall GDT index increases across the last eight events.