Search our website enhanced by Google.
Dairy market values expected to remain subdued
Wednesday, 16 September 2020
By Patty Clayton
European dairy market futures edged down slightly in August, reducing the future milk equivalent value on average*. With milk production remaining in growth, the uncertainties surrounding out-of-home demand recovery continues to drive weaker market sentiment.
Prices on both SMP and butter futures contracts declined on average in August, lowering the future milk value equivalent in comparison to the previous month. SMP prices saw a larger drop on average in August than butter, despite some recovery in prices in the latter half of the month.
Meanwhile the current market value of milk has moved up marginally. This resulted from higher butter prices as SMP prices dropped month on month. A short term shortage of fats in some key regions of the EU put pressure on cream markets, helping to support prices for butter.
Sign up to receive the latest information from AHDB.
While AHDB seeks to ensure that the information contained on this webpage is accurate at the time of publication, no warranty is given in respect of the information and data provided. You are responsible for how you use the information. To the maximum extent permitted by law, AHDB accepts no liability for loss, damage or injury howsoever caused or suffered (including that caused by negligence) directly or indirectly in relation to the information or data provided in this publication.
All intellectual property rights in the information and data on this webpage belong to or are licensed by AHDB. You are authorised to use such information for your internal business purposes only and you must not provide this information to any other third parties, including further publication of the information, or for commercial gain in any way whatsoever without the prior written permission of AHDB for each third party disclosure, publication or commercial arrangement. For more information, please see our Terms of Use and Privacy Notice or contact the Director of Corporate Affairs at info@ahdb.org.uk © Agriculture and Horticulture Development Board. All rights reserved.