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The whole subject of costs of production was discussed at both Dairy Day and the Teagasc dairy conference in November, writes Aidan Brennan.
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This is the first fall in the GDT index since 3 September this year as the market has increase by 2% in that time.
This is the second successive increase and the fifth in just two months since there was a sizeable drop of 6.9% on 2 July this year. Since then, the market has rebounded by 8%.
Difficult trading conditions coupled with production problems drove the disappointing performance .
Prices for whole milk powder (WMP) and skim milk powder (SMP) were up 1.5% to €3,099/t and 2.2% to €2,525/t at the Global Dairy Trade auction.
It was another upbeat week on the European dairy market, with prices for all key products rising, writes Aidan Brennan.
This is the first fall in the GDT index since there was a sizeable drop of 6.9% on 2 July this year. Since then, the market has rebounded by 6.4% over three auctions.
The Global Dairy Trade auction increased by 5.5% this week and European dairy prices continue to strengthen, writes Aidan Brennan.
Butter is leading the charge in the European dairy scene, with price rises of €575/t over the last four weeks.
