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EU SMP prices have been below €2000/t since June 2017 and below €1500/t since November, then stabilised near €1300/t and recovered to €1380/t by 29 April 2018. Spot quotes reached €1420/t on 2 May, and intervention stock sold at higher prices for the first time in 17 months.
Firmer SMP prices and falling EU intervention stocks suggest the dairy price slump may be bottoming, supporting milk and dairy protein values for feed buyers.
ifa.ieMay 3, 2018Not 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.
