Big Price Increases at Global Dairy Trade Auction
The Global Dairy Trade Price Index rose by 6.6 per cent this week, after being almost flat since the beginning of June.
Daily Price Update 20/07/2016: summertime and the SMP is high
A flurry of pre-summer holiday orders has boosted European dairy prices this week. And it could be because the market is temporarily short.
Offers of SMP to intervention pick-up from Ireland and other Member States
Ireland offered 1,054t of skimmed milk powder (SMP) into the public intervention system last week, the latest figures from the EU Milk Market Observatory (MMO) show.
Ornua PPI stabilises for the first time in 15 months
The latest Ornua Purchase Price Index (PPI) remained unchanged at 81 points for June, not decreasing in value for the first time in 15 months. By Amy Forde.
Ireland put 12,784t milk powder into intervention in first four months of 2016
Ireland offered 12,784t of Skimmed Milk Powder (SMP) to the public intervention measure in the first four months of the year, the latest Milk Market Observatory (MMO) figures show.
Commission doubles dairy intervention ceiling
A European Commission regulation doubling the the volume ceilings of SMP and butter sold into public intervention at fixed price was published in the EU Official Journal on Tuesday.
Ireland offers more SMP into intervention
The latest volumes brings the total amount of SMP offered by Ireland into intervention to almost 3,900 tonnes
Prices for EU dairy products fall up to 28% since Russian ban
Since the announcement of the Russian import ban on August 6, average prices of dairy products have decreased by as much as 28% in the case of skimmed milk powder (SMP).
Dairy Prices: Other black tuesday in Fonterra
Results from last trading event. Event 123 – 2 September 2014:
EU support for #dairy farmers to alleviate Russian restrictions on imports
The European Commission opened Private Storage Aid for butter, Skimmed Milk Powder (SMP) and certain cheeses in order to alleviate the impact of Russian restrictions on imports of EU dairy products and to limit the negative effects on the internal market.