Europe, France, Germany, Markets, Netherlands

The German-based IFE consultancy cut their estimated raw milk value for last week by 0.16c to 24.76c/kg at the farmgate level, just 2% down on t time last year, based on lower SMP prices in all three reference countries (Germany, Netherlands, France). Butter prices were unchanged. The average SMP price was down €17 to €1,810/t and the average butter price was unchanged at €3,013/t.