Ornua’s Purchase Price Index (PPI) for September has increased strongly from 85.8 in August to 92.2 for the month just gone, reflecting what Ornua said were higher returns across all main dairy products. This is the third consecutive month the PPI has increased, reflecting the lift we have seen in European dairy commodity prices since May.
This is the highest the PPI index has been since June 2015. The jump in the PPI index correlates with the strong increase seen in the GDT index in the months of August and September. However, the first GDT auction in October returned a negative result – the first real decline in the GDT since early May.
Source: FarmersJournal
Link: http://www.farmersjournal.ie/ornua-ppi-jumps-to-highest-level-since-june-2015-229140
