ICMSA said stronger Global Dairy Trade results, a 2.7% monthly gain in the Ornua PPI to 40.9cpl, firmer European commodity markets and rising protein demand support higher October milk prices for Irish farmers. The latest GDT index rose 3.0%, with whole milk powder up 5.9% and skim milk powder up 3.1%.
Improving dairy-product demand and auction prices may lift Irish farmgate milk prices and support milk-sector revenues. The report points to stronger dairy market pricing, though it does not specify an impact on feed-commodity 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.