SMP price has bottomed out, while butter remains firm.
Fresh milk production volumes in the EU are high, and SMP operations are carried out at prices of 2.30-2.35 Eur/Kg. The possibility of price increases is limited by the strong butter prices (5.95-6.00 Eur/Kg.). It remains firm. Although a drop in cream prices was expected from April 2024, it has remained the same and has even risen.