For the week ending January 10 SMP prices dropped 2.8% to €167/100kg (US$1870/t). This is now below the intervention price of €169.80/100kg and a 6 year low on average EU prices recorded by MMO.
Butter prices dropped to €285/100kg (US$3100/t), down 4.3% from the previous week’s price of €298 (US$3242/t) and the lowest price since September last year.
Whole milk powder dropped 1.4% to €223/100kg (US$2426/t).
Of the cheeses, cheddar dropped by 0.4% to €286/100kg (US$3111/t) the lowest price since 2010, edam dropped 2.8% to €246/100kg (US$2676/t), gouda was down 2.6% to €246/100kg (US$2676/t) and Emmental was down 0.9% to €380/100kg (US$4134/t).
