Friday, 18 January, 2019
UFU latest MPI
UFU MPI: 27.89ppl (up from 27.50ppl): Markets would appear to be reacting positively to the clearance of SMP Intervention stocks, with only 22,000 tonnes left in stores. Added to this, GDT in New Zealand recorded its 4th consecutive rise at Tuesdays event with Skimmed Milk Powder prices increasing by over 10%. In the Netherlands, all dairy products have increased for 2 consecutive weeks. Butter up by £210 per tonne and Skimmed Milk Powder (food grade) up by £90/tonne during the last fortnight.