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Polish fresh butter 82% FCA Grudziądz was quoted at 3.85 EUR/kg on 9 November, up from 3.65 EUR/kg at the end of October. European butter futures are trading only slightly above spot, and official averages still point to a weak tone into early 2027.
India's butter and ghee demand is outpacing milk fat output, while EU producers face surplus butter alongside strong SMP. The regional divergence limits global trade flows and keeps EU butter prices under pressure.
Not 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.