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The Irish Farmers' Association says at least 1c/l more should be paid on September milk, citing strong European commodity returns and higher October prices from FrieslandCampina and Arla. It also notes New Zealand output fell in August and September while US output grew 2.1%.
Strong European milk prices reflect firm dairy product values, but mixed global supply growth leaves the outlook uncertain. The article is mainly farm-gate price advocacy.
Not 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.