Germany: Raw material value of milk exceeds 50 cents

Published Oct 9, 2024

Tridge summary

In September, the value of raw milk reached a significant high of 53.7 cents/kg, marking a 10.3% increase from the previous month and an 18.7 cents/kg increase from the same period in the previous year. This increase is attributed to lower milk supplies and a decrease in the ingredient content, particularly milk fat. As a result, butter production has become more difficult and its price has increased. Similarly, the price of skimmed milk powder has also seen a significant rise. The value of the raw material from Cologne, which is based on the sales revenue or prices of butter and skimmed milk powder on the Kempten stock exchange, is used to indicate the utilization of milk fat and milk protein contained in the raw milk and is a key indicator of the formation of standard prices for dairy products.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Significant increase in September The latest calculations show a significant increase. The value of the raw material reached 53.7 cents/kg in September. Compared to the previous month, the value increased by exactly 5 cents/kg, or 10.3 percent. Compared to September 2023, the value of the raw material increased by 18.7 cents/kg. The last time the commodity value of milk reached this level was in November 2022. Raw milk availability is falling According to the Bavarian Milk Producers' Association, the availability of milk has fallen due to lower supplies and the persistently low content of ingredients - especially milk fat. Butter production is becoming increasingly difficult. The price of butter increased by 69.8 cents/kg compared to August to 7.96 euros/kg. Revenues from the sale of skimmed milk powder also increased significantly compared to the previous month, by 18.9 cents/kg more. The price was 2.53 euros/kg. The value of the raw material from Cologne is based on the sales ...
Source: Farmer.pl

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