The Ulster Farmers’ Union dairy committee is urging processors to raise the base milk price paid to Northern Ireland dairy farmers, saying seasonal winter bonuses should not substitute for a lasting increase. It points to a recovery in dairy commodity markets since July, including a 9.8% rise in the Global Dairy Trade index and gains in Dutch whole and skim milk powder quotations.
Stronger dairy-product prices can improve processor returns and support higher farmgate milk prices, which could encourage milk production. A higher base price would raise dairy producers’ revenues and potentially support milk supply.
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.