
The Ulster Farmers' Union is urging dairy processors in Northern Ireland to raise the base milk price rather than rely on seasonal winter bonuses. It cites a 9.8% rise in the Global Dairy Trade index since July, with Dutch whole milk powder up 24.6%, skimmed milk powder up 37.9% and UK mild cheddar up 14%.
Rising dairy commodity prices and reduced European milk output point to firmer milk and dairy ingredient prices, which raises the cost of dairy-based feed ingredients such as skimmed milk powder and whey.
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.