Durva, which is the price of butter in Europe: there has not been anything like this for 5 years

European butter prices again fell sharply this week, with spot prices dropping by 115 euros per tonne to 3,835 euros, marking the lowest level since 2021. The moderate market recovery following Christmas proved short-lived, as significant global supply continues to exert pressure on the market. Other dairy products show a more stable picture. Cheese and whole milk powder (WMP) prices have risen slightly, while skimmed milk powder (SMP) has produced more sustained growth, increasing by 70 euros per tonne to 2,145 euros. Although this increase is still low in historical comparison, it indicates renewed consumer interest in skimmed milk powder, reported UkrAgroConsult. Export activity supports the SMP market, with European shipments reportedly well above last year's levels. Buyers remain active when prices are competitive, suggesting that the fundamental demand for dairy proteins is stable. Industry representatives at the Gulfood exhibition in Dubai reported a generally positive mood ...