UFU Milk Price Indicator

Friday, 10 November, 2017

UFU MPI:

The Latest UFU MPI is 28.80 pence per litre. Dairy commodity markets, in particular butter, have fallen back in recent weeks. However, this week butter remained unchanged at ZuivelNL at €4,970/tonne and food grade SMP at €1,470/tonne. At the same auction whey powder rose €20/tonne to €590/tonne. Demand for butter remains strong, reflecting a structural change in the product demand highlighted by the EU Agriculture Commissioner Phil Hogan at the IDF World Milk Summit in Belfast last week.