
Ornua's Purchase Price Index for October rose to 144.8 from 135.8 in September, lifting the indicative milk price to 40.9c/L from 38.2c/L. Ornua's estimated processing cost rose 0.5c/L to 10.5c/L, and its October Ornua Value Payment to member co-ops was €5 million.
The PPI reflects improved market returns for Irish dairy products, which supports higher milk payments to Irish farmers and may tighten dairy ingredient supply modestly. The effect on animal-feed commodities is limited, though it signals firmer dairy product prices.
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.