# Scope for Further Increases in Milk Prices - Irish Farmers' Association

> 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.

- Date: 2021-09-02 · published 2021-09-02T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/4919-scope-for-further-increases-in-milk-prices-irish-farmers-association
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

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.

## Read by commodity

- MILK: bullish ▲

## Sources

- ifa.ie: https://www.ifa.ie/farm-sectors/scope-for-further-increases-in-milk-prices/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.