Ornua announced that the PPI for November has been increased over 3% on the previous month's index.
Ornua CEO Conor Galvin was speaking at the ICMSA’s AGM at the Radisson in Limerick on Monday 2 December.
The ICMSA event will be held on Monday 2 December in the Radisson Blu Hotel, Limerick.
Ciaran Aylward, economist at Ornua, was speaking at the Global Dairy Outlook panel at the Irish Farmers Journal Dairy Day in Páirc Uí Chaoimh.
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.
Ornua's CEO insists that adding value to the existing milk pool is where future revenue growth lies for the dairy sector.
"Time for change" - Ann & David Moore, Glencash Regenerative Farm, Co Cork
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The ‘Farming and Food - A Sector Worth Backing’ conference will take place at the Curragh Racecourse, Co Kildare, on Thursday 31 October.
The very concept of grass-fed butter is being challenged head on. A tightening of the nitrates rules is forcing Irish milk suppliers to feed more silage and purchased concentrate.