Farmers to get ‘useful’ IDB guides to performance of dairy products
While the IFA and ICMSA will continue to use their alternative sources of market intelligence on milk price per litre, the farm groups broadly agree that the new IDB index could be a useful extra tool for the Irish agri-food industry.
The index is primarily a guide for the IDB’s own members. It takes as its base guide the 2010 average monthly price for the basket of products (butter, cheese etc) which are marketed by the IDB. Thus, the index for 2010 is taken as being 100 (or “the 100% price”).
