Germany: Milk market July 2023, milk prices also weaker in June

The trend towards falling raw milk prices continued in June. According to the current AMA milk price barometer, dairies and alpine dairies paid an average of 50.67 cents per kilogram of GMO-free raw milk (excl. VAT, average of all qualities, milk types and ingredients) to domestic milk suppliers this month. Compared to May 2023, this means a minus of 1.30 ct. The previous year's level was exceeded by 2.74 ct or 5.7%. The AMA also expects further falls in milk prices for July. The order of magnitude is just under minus two cents or 48.70 cents/kg (excl. VAT, average of all qualities and ingredients). The fall in prices is once again due to the falling prices paid by the domestic dairies. Raw material value confirms the falling trend – The raw material value of the Kiel Institute for Food Economics (ife) shows the deeper causes of the falling price trend. For July, the ife determined from the quotations for buttermilk and skimmed milk powder processing proceeds for milk at producer ...