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A number of milk processors have increased base prices for September with the biggest lift coming from Leprino Foods
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There were positives and some set-backs at the weekly Dutch Dairy Board auction but prices remain extremely buoyant overall
European dairy markets continue to strengthen, with butter hitting another high point at the weekly Dutch auction.
Prices for whole milk powder (WMP) and skim milk powder (SMP) were up 1.5% to €3,099/t and 2.2% to €2,525/t at the Global Dairy Trade auction.
It was another very positive week on dairy markets, with price increases on the GDT auction and in Europe, writes Aidan Brennan.
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The European market is quite as traders take a holiday, but talk of surplus milk powder in China is likely to have a knock-on effect.
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This comes following a 6.9% drop in the Global Dairy Trade index at the trading event a fortnight ago.
Processors forecast that tight European milk supplies will continue to bolster farm-gate prices for the short to medium term.
Lakeland Dairies has announced an increase to its base price for milk supplied during June
