19 July 2023
The German-based IFE institute’s estimated average EU raw milk value was down 0.6c this week to 35.8c/kg at the farmgate level. This price is based on official butter and SMP prices in Germany, France and the Netherlands. The average price for SMP in the three markets is down €32 to €2,323/t and the average for butter is down €68 at €4,537/t.
