Monthly LTO International comparison of producer prices for milk
The LTO International milk price development is published monthly. The review LTO International comparison of producer prices for milk is published annually. As from July 2020 onwards the LTO International milk prices are published on this website.
Average milk price June: € 32.24
Compared to May 2020
+ € 0.04
Compared to June 2019
- € 1.26
Prices in euro per 100 kg standard milk with 4.2% fat, 3.4% protein, 1,000,000 kg per year, tbc 24,999 per ml and scc 249,999 per ml, VAT excluded
Average milk price June € 32.24
The calculated monthly milk prices in June 2020 averaged to € 32.24 per 100 kg of standard milk. An increase of € 0.04 compared to the previous month. Compared to June 2019, the average milk price decreased with € 1.26 or - 3.7 %.
It seems that the fall in milk prices from February has come to an end. It should be noted, however, that the increase is minimal and that it is not uncommon for milk prices to pick up after the spring when milk production decreases somewhat on a seasonal basis. In addition, the market situation has slightly improved, partly due to a cautious recovery in market demand in the out-of-home segment. Despite all the uncertainties in the market, the average milk price is expected to rise further in the coming months. For example, FrieslandCampina has announced price increases of € 0.5 and € 1.0, respectively for July and August. The milk prices of Lactalis and Savencia will also increase slightly, while the prices of DMK (in July) and Saputo Dairy UK (until August) will not change. Arla has announced a price cut (- € 0.8) for July and no change in August.
Irish dairies rose the most
It was striking that in June the milk prices of the three Irish dairies rose the most, varying from € 0.8 (Dairygold) to € 1.5 (Glanbia). Biggest fallers were DMK (- € 1.5), Lactalis(- € 1.1) and Hochwald (- € 1.0). The calculated milk price of Arla remained the same, because together with a price decrease of € 1.0 a bonus of € 1.0 was introduced for the Climate Check program with the aim of reducing greenhouse gas emissions. Almost all dairy farmers participate in this program carried out by filling in a digital reporting tool and thus receive this bonus.
As mentioned last month, the extreme rise in USA class III milk price in June was unprecedented. This price has never risen so strongly in one month (73%). On July 17, Fonterra lowered the milk price forecast for the past 2019/20 season by approx. € 0.2 per 100 kg of standard milk. The final milk price 2019/20 will be known at the end of September when the annual results are published. For the new season 2020/21 - that started in June - the milk price forecast has been increased by € 1.1 per 100 kg.
Read the full report in the monthly overview.
The monthly milk price comparison is published on Friday at 12 noon CET
28 August 2020
2 October 2020
30 October 2020
27 November 2020
8 January 2021
29 February 2021
Annual review LTO International comparison of producer prices for milk
It is a tradition for ZuivelNL to carry out an international comparison of producer prices for milk behalf of LTO Nederland each year. The report provides insight into the development of milk prices based on production and consumption in the Netherlands and surrounding countries.LTO International comparison of producer prices for milk 2019
Overview LTO International comparison of producer prices for milk from 2014
Overview of the annual and monthly reports.Overview from 2014
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Copyright and liability
This milk price comparison is carried out by ZuivelNL on behalf of LTO Nederland and in collaboration with EDF (European Dairy Farmers). The basis for the comparison is the milk money bills of dairy farmers.
Copying data from this publication is permitted, provided the source is acknowledged from the LTO International Milk Price Comparison. ZuivelNL accepts no liability for any damage resulting from the use of the results of this publication.