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European milkfat prices continue to decline even though supply growth is starting to slow. Butter output remains above last year's level, keeping availability and stocks elevated.
Export volumes are rising but at lower values, and competition from the US and New Zealand is adding pressure.
Elevated European butter stocks and low-value export competition keep dairy fat prices under pressure, which weighs on the cost of milkfat-based feed ingredients until supply tightens.
dcamarketintelligence.comManuelle IamakamiNov 13, 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.
