Contrasting price trends in France: Butter is on the rise and milk powder is stable

The prices of industrial butter and skimmed milk powder are currently moving in opposite directions. Butter is in an upward phase. Its price is currently above €6,300 per tonne, an increase of 40% since the autumn. On the other hand, the trend is rather one of stabilisation for skimmed milk powder, its price fluctuates around €2,400 per tonne. Since the beginning of the year, milk production has currently been sluggish in the major global exporting areas. Overall trends over the last 12 months show a slight decline in New Zealand, the United States and the European Union. In France, after several years of decline, milk production has regained some strength since the end of 2023. On a daily basis, collection has increased by 0.7% over the first 7 months of 2024. The unit price of charges in dairy farms is decreasing after a period of strong increase. The general IPAMPA cow index of the Livestock Institute, which is in red on the graph, is thus down 3% compared to June 2023, but ...