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The Irish Farmers' Association says Irish milk prices lag EU dairy returns and urges co-ops to raise August milk prices by at least 1c/l. EU average butter reached €6,390/t on 3 September, up 155% from its May 2016 low.
Strong European butterfat values support higher milk prices and could push Irish co-ops to raise farmgate prices. This is a routine price-pressure call rather than a supply shock.
ifa.ieSep 11, 2017Not 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.
