Northern milk prices up 10% at auction

TIGHTENING milk supply resulted in a price increase of more than 10% at last week’s auction by United Dairy Farmers.

The volume sold for September delivery was 31 million litres, compared with 37m litres in August, and 51m litres in May.

The average price was 21.54p per litre, 2p better than last month.

The last time the auction price topped 21p was in September 2008.

“But farmgate prices still continue well below the cost of production,” said Ulster Farmers Union deputy president John Thompson.

Across Europe, butter is now trading at a premium to intervention levels.

Many industry analysts believe world supplies of dairy products are tightening.

More in this section


Keep up-to-date with all the latest developments in Farming with our weekly newsletter

Sign up

Our Covid-free newsletter brings together some of the best bits from, as chosen by our editor, direct to your inbox every Monday.

Sign up
News Wrap

A lunchtime summary of content highlights on the Irish Examiner website. Delivered at 1pm each day.

Sign up