New records for dairy prices in US and EU

JULY prices for dairy products set new records in Europe and the US.

EU and international prices weakened subsequently, but seem to have stabilised again. Meanwhile, Northern Ireland’s monthly United Dairy Farmers milk auction set average prices for September at 29.53ppl, an all-time record for the month, 22% ahead of the price 12 months previously.

LTO international milk price records showed the average July milk price for deliveries to 17 of the EU’s top processors at €35.58 per 100kg of standard milk, pushing the July 2008 price into second place.