Milk prices continue to rise in the EU

Published Dec 11, 2024

Tridge summary

The European Commission has reported a 1.2% increase in the average price of raw milk in the EU in November 2024, amounting to 52.33 euro cents per kg, which is a 13.2% rise from the previous year. The price hike was observed in several EU countries, with the most significant increases in Belgium (8.1%), Denmark (5.4%), France (3.6%), and the Netherlands (3.6%). In contrast, prices fell in Slovakia (7.2%), Hungary (1.9%), the Czech Republic (1.3%), Greece (0.3%), and Finland (0.1%). The rise in milk prices is attributed to the reduction in supply due to limitations on milk production in EU countries, high production costs, and the requirement for climate protection measures.

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

Original content

According to preliminary data from the European Commission, in November 2024 the average price for raw milk in the EU was 52.33 euro cents per kg, which is 1.2% more than in October. Compared to the price as of November 2023, the price of milk in the EU has risen by 13.2%. Relative to October of the current year, the price of raw milk has increased in 14 EU member states. Among large producers and exporters of dairy products, prices for raw materials increased in Denmark to 54.71 eurocents per kg (+5.4%), France to 50.62 eurocents per kg (+3.6%), the Netherlands to 55.50 eurocents per kg (+3.6%) and Poland to 52.39 eurocents per kg (+1.2%) compared to October 2024. Milk rose the most in Belgium to 56.23 euro cents per kg (+8.1%). In November, purchase prices did not change in Germany, Ireland, Spain, Italy, Portugal, Malta and Cyprus, compared to October of the current year. Over the last month, the price of raw milk fell in Slovakia to 41.46 euro cents per kg (-7.2%), in Hungary ...

Source: MilkUA