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The Irish Farmers' Association says the slight softening in the two June GDT auctions does not change the upward trend in international dairy prices. Butter has risen up to 25% and cheddar 16% since the start of the year.
The IFA argues co-ops should pass higher returns to farmers through higher milk prices.
Sustained gains in butter and SMP values support higher dairy commodity prices despite the short-term GDT dip, which keeps dairy ingredient costs elevated.
ifa.ieJun 20, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
