LOYALTY CODE:
The paper code cannot be redeemed when browsing in private/incognito mode. Please go to a normal browser window and enter the code there
There were 183 participating bidders and 14 bidding rounds at Tuesday’s GDT auction.
The association made the statement to support farmers against the extreme difficulties experienced over the previous 18 months.
This marks the third consecutive increase, following a 4.8% increase on 5 November.
The price of butter has broken the previous record set just two months ago, writes Aidan Brennan.
However, the index rise marks the second successive increase after there was a 4.8% increase on 5 November.
Butter is leading the charge this week, as prices increase by €145/t to be within touching distance of the last peak price.
The Global Dairy Trade auction result is a really positive sign for the dairy trade, as New Zealand heads towards peak milk production.
The Ornua value payment payable to member co-ops in the month is €4.4m, which equated to 3.6% of gross purchases in the month.
