Carbery is forecasting its 2025 supply to be on par with 2024 but with the usual variations apply depending on the time of the season.
SUBSCRIBER ONLYThe latest Global Dairy Trade auction recorded a drop of 2.8%, with powders falling by the largest amount, writes Aidan Brennan.
A spokesperson for Carbery said that dairy market performance continues to be strong.
There were 183 participating bidders and 14 bidding rounds at Tuesday’s GDT auction.
A base price of 46.56c/l excluding VAT will be paid by Dairygold for milk supplied last month.
Fat content for October 2024 was 4.93%, also up marginally from 4.92% in October 2023.
Whole milk powder took a leap forward at the Global Dairy Trade auction, but butter and cheese dropped in all markets.
This comes following president-elect Donald Trump’s campaign promise to impose import tariffs on EU exports to the US.
This marks the third consecutive increase, following a 4.8% increase on 5 November.
There were reductions in price for butter, cheese and whole milk powder in the European spot markets this week, writes Aidan Brennan.