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 November: € 33.37
Compared to October 2020
+ € 0.11
Compared to November 2019
- € 0.57
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
Prices in the chart will differ to those in the LTO monthly PDF’s due to: (a) revisions and (b) changes to the methodology from 2019 (see PDF Milk Price Development May 2020 at the bottom of the page).
Average milk price November € 33.37
The calculated monthly milk prices in November 2020 averaged to € 33.37 per 100 kg of standard milk. An increase of € 0.11 compared to the previous month. Compared to November 2019, the average milk price decreased with € 0.57 or -1.7 %.
The average milk price has increased for the 6th consecutive month. However, these were always relatively small increases. These small increases have not been able to offset the larger price decreases earlier this year, as evidenced by the development of advance milk prices in 2020.
With the exception of Danone and Sodiaal, all milk prices have remained the same or increased slightly. The milk price of Arla increased most with + € 1.0. The prices of the German Müller and the Irish dairy companies rose by about half of this.
The calculated price increase of Saputo is entirely due to the increase of the British pound against the euro in November. Expressed in national currency, the milk price – before seasonality - will remain unchanged until March 2021.
The average milk price is not expected to change much in December. As far as is known, most milk prices remain the same and an increase in the milk price of FrieslandCampina of € 0.9 is matched by a similar decrease in the milk price of Danone.
What 2021 will bring remains to be seen, but for Belgian dairy farmers who supply to Milcobel, the start is positive with an increase in milk price of € 1.4 in January. This is Milcobel’s first price increase since December 2019. On the other hand, Arla and FrieslandCampina will lower milk prices in January 2021 by € 1.2 and € 0.9 per 100 kg respectively.
New Zealand's Fonterra seems a bit more optimistic about the near future, as it raised the milk price forecast for the current season. The milk price of the Swiss Emmi will also increase in January 2021.
Read the full report in the monthly overview.
The monthly milk price comparison is published on Friday at 12 noon CET
29 January 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.