Business
Ulster Farmers' Union Reports MPI Drop to 34.68
The Ulster Farmers' Union Milk Price Index stands at 34.68, down from 34.89.
The New Zealand Global Dairy Trade event concluded with an overall decline of 2.7%. Butter prices fell 7.9% to $5,702. Whole milk powder decreased 0.6% to $3,666. Cheddar rose 1.1% to $4,798. Skimmed milk powder increased 3.2% to $3,448.
On the Dutch ZuivelNL market, fresh butter dropped €100 per tonne to €4,000 per tonne. Skimmed milk powder for food rose €30 per tonne to €2,730 per tonne. Whole milk powder held steady at €3,300 per tonne. Skimmed milk powder for feed remained at €2,580 per tonne. Whey powder stayed at €1,460 per tonne.
Source: Ulster Farmers' Union