The Ornua purchase price index (PPI) for the month of April is 132.6, up from 132.3 the previous month.

Ornua’s estimate of member co-op processing costs is 8.2c/l, excluding VAT, in April, down from March.

After deducting estimated processing costs, Ornua’s PPI implies an indicative return of 36.7c/l, excluding VAT, for milk at 3.6% fat and 3.3% protein.

Ornua said this result reflects consistent market returns through the month of April.