Price of Smp has risen slightly. The European Commission is about to aprove a third tranche of 132.000 mt. This will maintain the floor in the market for Smp. 1,63 Eur/kg. Exw.
If the Cheese prices continue to rise as well, more milk may be to produce cheese, butter production will be reduced and sustaining the current price level. Butter over 2,90 Eur/Kg. Exw.