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Milk prices increased by between 1.2c/l and 3c/l for August, as dairy markets are continuing to perform well, writes Aidan Brennan.
Butter price reverse in both Europe and at GDT auction, but cheddar and WMP prices increase.
European dairy markets continue to strengthen, with butter hitting another high point at the weekly Dutch auction.
“Supply-side dynamics continue to bolster dairy markets, with milk volumes across major exporters continuing to fall short of projection," Kerry said.
There was a return to stability in the butter market this week, while prices for most other commodity types increased, writes Aidan Brennan.
This brings Lakeland’s base milk price for last month to 43.89c/l excluding VAT.
Strong butter and powdered milk prices make a sound case for increases to August's milk price, according to the ICMSA's dairy committee.
It was another upbeat week on the European dairy market, with prices for all key products rising, writes Aidan Brennan.
It comes after the announcement by China that it is commencing an anti-subsidy investigation into dairy products coming from the EU.
