EU: IFE RAW MILK ESTIMATE DOWN 0.22c

The German IFE consultancy have estimated the  EU raw milk value to be down 0.22c to 34.44c/kg at the farmgate level, based on butter and SMP prices in Germany, France and the Netherlands. Last week the official price of butter in these markets was down €13 to €5,593/tonne and the official price of SMP was down €17 to €1,667/t—effectively what was the official EU Intervention Price.