Dutch milk supply saw a decrease of 1.6 percent in October, with the rate of decline slowing down due to the bluetongue virus's impact lessening and other factors like derogation. Despite this, the cumulative supply level was 2.0 percent lower than the same period in 2023. Meanwhile, EU milk supply experienced a slight increase of 0.1 percent in September, with France and Poland seeing growth while Belgium, Germany, and the Netherlands continued to decline.
Globally, New Zealand, Australia, and the US saw increases in milk supply, while Argentina and Uruguay's declines levelled off. The total volume of major dairy exporters was slightly higher than the same period in 2023. Butter prices in 2024 fluctuated significantly, reaching a record high before falling only to rise again, while skimmed milk powder prices remained stable around €250, with fluctuations mainly due to unpredictable demand.