Dairy
The chief executive of Kerry Dairy Ireland Pat Murphy said that the next 12 months will be "very challenging" for dairy farmers.
The latest results from the GDT show a continued downward trajectory as the index figure decreased for the fourth consecutive time.
Agri-Business
Global milk collections increased by 1.7% in May, driven by growth in the US and Europe, according to a new report from Ornua.
Dairy News
The Global Dairy Trade (GDT) price index has fallen again following the latest trading event earlier today (Tuesday, June 17).
Arla Foods will begin offering European-sourced skim milk powder (SMP) on the GDT Pulse platform from next month.
Fonterra has announced that it will invest $75 million to increase production of high-value protein dairy ingredients.
Arla Foods is set to begin offering mozzarella blocks Global Dairy Trade (GDT) events to UK and EU based customers from next month.
The Global Dairy Trade (GDT) price index jumped by 5.5% as a result of the latest trading event which was held today (Tuesday, August 20).
The average Global Dairy Trade (GDT) price index rose by 0.5% according to the latest auction results published.
The average Global Dairy Trade (GDT) price index across 2023 decreased by 24% compared to 2022, dipping to a five-year low of 850 in August.
The Global Dairy Trade (GDT) price index has continued its upward trajectory following the second trading event of 2024.
The Ornua Purchase Price Index (PPI) has recorded a drop for the final month of 2023, according to new data.
The value of Irish dairy exports stood at €6.3 billion in 2023, down almost 8% when compared to the previous year, according to new data.
The IFA said that processors must increase their milk prices this month to reflect the "rapid rise" in the Ornua Purchase Price Index (PPI).
Dairy farmers are "losing patience" with milk prices being offered by the country's processors, according to the ICMSA.
Global dairy markets are currently showing positive signals in terms of prices, according the interim chief executive of Ornua.
The Global Dairy Trade (GDT) Price Index has recorded its fourth consecutive increase following a trading event today (Tuesday, October 17).
A recovery in milk price is unlikely before the end of the year and downward pressure is set to continue, according to StoneX.
Arrabawn has confirmed that it will pay a base milk price of 39.69c/L, including VAT for June milk supplies.
Tirlán has confirmed it will pay a total of 38.08 c/L, including VAT, to farmers for June creamery milk supplies.
