Market is on vacation
SMP.There are few agreements and few indications regarding the direction of prices. 2,40 Eur/Kg. Exw
With respect to butter, the market appears somewhat weak and availability is good. 7,00 Eur/Kg. Exw
Skimmed milk maintains prices and butter stops falling
SMP is becoming globally competitive, supported by the Euro/Dollar exchange rate. Exports keep the market afloat. Demand is not strong enough to have prices on the rise. SMP 2.40 Eur/Kg.
Regarding Butter, it seems that the price remains stable after Christmas, as the supply has improved somewhat and purchases remain firm. 7.30 Eur/Kg.
There´s demand for SMP and the fat is still strong
The supply of milk in the EU is not very abundant and although there are occasional offers below the market price (2.40 Eur/Kg.), the price remains firm.
The price of butter has moved quite a bit in recent weeks. Buyers have realized that the availability of butter for Q1 is not an issue. The price is still high: 7.70 Eur/Kg.
SMP stays firm and Butter shoots out.
The market price of SMP is firm around 2,40 Eur/Kg.
Butter prices continue to rise (7,20 Eur/Kg.), pushing them to record levels. The situation is quite unusual during the holiday period. The main reasons are the lack of production, low stock levels and the drop in raw milk production.
SMP price has bottomed out, while butter remains firm.
Fresh milk production volumes in the EU are high, and SMP operations are carried out at prices of 2.30-2.35 Eur/Kg. The possibility of price increases is limited by the strong butter prices (5.95-6.00 Eur/Kg.). It remains firm. Although a drop in cream prices was expected from April 2024, it has remained the same and has even risen.
Low demand
SMP price has fallen since the beginning of March, 2,35 Eur/Kg. Exw.
About Butter, after the drop in prices at the beginning of February, in the middle of the month the price shot up above 6.00 Euros due to speculation. Now it seems that prices have calmed down a bit (5.85 Eur/Kg.), although the trend is downward.
Slow operations
SMP market is very quite. The price increase in early February made buyers a little nervous. SMP 2,45-2,50 Eur/Kg.
Regarding butter, the supply is being a bit scarce as Ireland has started the season slowly. 5,35-5,50 Eur/Kg.
Lentitud en las operaciones
El mercado de la Leche 1% polvo está bastante parado. El aumento de precios a principios de febrero hizo que los compradores se pusiesen un poco nerviosos. LP1% 2,45-2,50 Eur/Kg.
Respecto a la Mantequilla, la oferta está siendo un poco escasa ya que Irlanda ha comenzado la temporada de manera lenta. 5,35-5,50 Eur/Kg.
Follow the upward trend
After the price relaxation of the last month, prices have risen again. Milk production and quality in terms of protein content and fat continue to disappoint. Smp 4,00-4,30 Eur/Kg. Exw.
The butter market continues to be lively and prices have risen again. Price butter 7,25 Eur/Kg. Exw.
Holiday
Most markets are in holiday mode now until probably the end of August.
SMP: Prices have been dropping systematically and there is currently no surge of buying activities to counter this trend. The price dropped to 2,40 Eur/Kg. Exw.
Butter: The EU butter market is losing strength quickly. Curent price level is 3,70 Eur/Kg. Exw.