Ornua PPI Increase for June Justifies Badly Need Price Lift, Says IFA
IRELAND - IFA National Dairy Committee Chairman Tom Phelan yesterday said that the Ornua PPI June increase of 3.6 points to 109 points was close to the 110 points of June 2017, when the average of the Irish Farmers Journal Milk Price League was 32.3c/l + VAT (34.04c/l including VAT).
12 July 2018
1 minute read
Mr Phelan said the PPI reflected the fact that market trends during June had improved to meet at least the full pay-out for May (base price plus any weather/fodder support).
He said co-ops, who either met yesterday - or in coming days - to decide on milk prices, owe it to farmers to roll the support into the base price, and add at least an extra 1c/l to the June base.
"Not only do markets justify this increase comfortably, farmers need it very badly after an exceptionally challenging year for fodder and for cash flow," Mr Phelan concluded.
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