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Irish co-ops are expected to keep raising milk prices after Arla lifted its September milk price by 1c/kg to 38.3c/kg. The Irish Farmers' Association cites a global butterfat shortage, strong demand and China's dairy import growth of 30.1% in value for January to July.
A global butterfat shortage and strong import demand point to firm dairy prices through year-end, supporting higher dairy product values that feed into milk-based feed costs.
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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.