UFU Milk Price Indicator
Friday, 10 November, 2017
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.