Dairy markets continue to improve as the slowdown in EU milk production registers across the globe. In Europe, average quotes for butter have risen a further 7% in the last fortnight close to $3,700/t, while cheddar prices are up more than 3% to $3,160/t.
The EU’s intervention scheme is also beginning to impact the market in a positive way. With more than 350,000t of skimmed milk powder (SMP) now in storage, the market has tightened up a little, with available stocks lighter on the ground.
As a result, SMP prices are beginning to rise slowly from intervention levels – almost …
Source: FarmersJournall
Link: http://www.farmersjournal.ie/dairy-trends-dairy-commodity-prices-continue-upward-trend-222924