Loading…
Irish Farmers' Association called for processors to pay more for August milk, citing an August PPI of 118.1. European spot butter has returned above €4,000 per tonne and SMP above €2,500 per tonne.
EU futures for September 2021 to April 2022 were also firm.
Rising European butter and SMP prices point to stronger dairy values and higher farmgate milk prices. Firmer dairy product values support dairy producer incomes and feed demand.
ifa.ieSep 2, 2021Not 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.
