Ornua Purchase Price Index worth 27.9c

Dairy farmers are looking forward to price rises for October milk, after Ornua increased its Purchase Price Index (PPI) from 92.2 in September to 95.9 in October.

The new PPI translates into a 27.9 cent per litre (VAT inclusive) milk price, based on Ornua’s product purchase mix, and assumed costs of 6.5ppl.

“It reflects higher returns in the month across all main products,” said an Ornua spokesperson.