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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.
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The 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.
