Prices for SMP futures last week range from €1675/t (US$1822/t) for January contracts rising to €1800/t (US$1960/t) for July contracts. Prices gained 0.06% for the June contracts but fell for all the other contract periods with the largest fall for July contracts with a 2.17% decline.
Prices for butter futures all fell last week with the biggest decline also for the July contracts. Prices range from €2819/t (US$3070/t) for January contracts through to €2930/t (US$3190/t) for July contracts.
EEX said Wednesday was the biggest day for trade activity last week with 130 lots (650t) traded, the bulk of which (120 lots) was traded on SMP.