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European farm-gate milk prices fell sharply from fall 2025 and were mostly 42 to 45.5 euro cents per kg in February. Butter and skim milk powder prices have recently risen by several hundred euros per tonne after a global milk surplus kept prices low.
Persistent global milk oversupply limits price recovery, while short-term rallies in butter and SMP show early signs of stabilization that could support world dairy prices.
zmp.deFeb 12, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
