There´s demand for SMP and the fat is still strong
The supply of milk in the EU is not very abundant and although there are occasional offers below the market price (2.40 Eur/Kg.), the price remains firm.
The price of butter has moved quite a bit in recent weeks. Buyers have realized that the availability of butter for Q1 is not an issue. The price is still high: 7.70 Eur/Kg.