Dutch milk supply saw a decrease of 3% in July, accumulating to a 1.6% drop since the start of 2024, primarily due to the bluetongue virus and the end of derogation. In contrast, the European Union (EU) experienced a 1% increase in milk supply in the first half of 2024, led by Poland, France, and Germany, while Australia also saw a 3% increase. However, milk production in the US, New Zealand, Argentina, and Uruguay continued to decline. The butter quotation has surged, reaching a record of €780 in mid-August, driven by significantly increased cream prices, while the skimmed milk powder quotation has seen fluctuations due to unpredictable demand and limited availability of concentrate.