Netherlands: Slightly higher milk prices in March for farmers and consumers

Published 2024년 5월 24일

Tridge summary

In March 2024, the consumer price index (CPI) for dairy products reached 129, an increase of 1 percent from the previous month, but a 1 percent decrease from two months earlier. The producer price index (PPI) stood at 123, marking a 1 percent decrease from January 2024, with the ex-farm price index at 133, showing a 4 percent increase from January 2024. Despite some decreases, prices remain high compared to previous years. Milk supply is expected to decrease in the largest dairy exporting countries, contributing to the higher prices. The Netherlands is experiencing changes that could lead to a reduction in the dairy herd, further impacting milk supply and prices. Dairy buyers are looking to maintain volumes and are willing to pay good milk prices to their suppliers and members.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The consumer price index (CPI) for dairy ended at 129 in March 2024 (2020=100), an increase of 1 percent over the months of February and March. The producer price index (PPI) ended at 123 points and the ex-farm price index reached 133. Compared to two months earlier, this is a decrease of 1 percent and an increase of 4 percent respectively. There were continued declines in prices until September-October 2023. The current price level is still high compared to previous years. The consumer price index (CPI) for dairy ended up at 129 points (2020=100) in March 2024, 1 percent higher than in January 2024, and half a percent higher than in March 2023. The decline in the CPI started in May 2023 after two years of consecutive increases. The index has been rising slightly again since November 2023. Almost all individual dairy products will show a decline of 1 to 2 percent between September 2023 and January 2024. Only the price of yogurt has remained stable during this period. The price of ...

Source: Melkveebedrijf