Ornua PPI steady for February
Ornua has revealed its Purchase Price Index (PPI) for February, holding largely steady on its January figure.
According to a spokesperson for the dairy exporter, the PPI index February is 107.64, a marginal rise of 0.04 on January’s 107.6 index.
January’s figure in turn was a slight rise on the 107.5 recorded in December.
Seventh consecutive GDT rise
Meanwhile, the latest Global Dairy Trade (GDT) auction – event 231 – has ended on a high, recording a seventh consecutive rise in price index.
Yesterday’s event (Tuesday, March 5) concluded with the GDT price index up 3.3% overall.
Lasting two hours and six minutes, 176 participating bidders battled across 14 rounds with 109 proving successful.
A total of 23,930MT of product was sold on the day.
- AMF index up 3.9%, average price US$5,837/MT;
- Butter index up 3.7%, average price US$4,657/MT;
- BMP index up 11.0%, average price US$3,480/MT;
- Ched index up 6.0%, average price US$3,888/MT;
- LAC index up 0.6%, average price US$1,009/MT;
- RenCas index down 0.1%, average price US$5,649/MT;
- SMP index down 4.3%, average price US$2,462/MT;
- SWP index not available, average price not available;
- WMP index up 6.0%, average price US$3,186/MT.
Butter saw the most dramatic move on the day, recording an 11% rise in index. Meanwhile, both cheddar and whole milk powder (WMP) documenting a healthy 6% boost.
On the flip side, skimmed milk powder (SMP) dropped 4.3% in index, while rennet casein (RenCas) fell marginally by 0.1%.