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Inside Milk

Advance milk price for now below 2017 level

11 January 2019 - Kimberly Bakker

Although not all milk prices for December are known yet, a good estimate can already be made of the development of the milk price in 2018. This is evident from figures from the LTO International Milk Price Comparison. 

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If the monthly milk prices and the expectation of the prices in December are assumed, the average advance milk price for 2018 will be €33,93 per 100 kilos. This is roughly the same as for the years 2013 to 2017. It should be noted here that this concerns the advance milk price, in which no supplementary payments have been processed. The final milk prices will not be published until June 2019.

Most milk prices have fallen
The table below shows that the average advance milk price decreased by 2018% in 3,6, compared to 2017. The largest decrease was for Royal A-ware, which achieved a milk price of €2018 in 34,68. That is 8,9% lower than in 2017. The other Dutch processor (FrieslandCampina) arrives at a milk price of €2018 for 35,48, which is 5% lower than in 2017.

The Belgian Milcobel and the German Müller also show significant price decreases; for example, the price of Milcobel fell by 8,3% to €32,57 per 100 kilos and the milk price of Müller fell by 8,5% to €32,34. However, not all milk prices show a decline. With the exception of Savencia (-0,70% to €33,69), all French milk prices have increased; the largest increase was for Sodiaal (+1,7% to €34,71).

Company name  Country  2018 Season 2018/2017 
Granarolo (North)  IT   €38,60 -3,00%
value  FI   €35,73 0,00%
FrieslandCampina  NL   €35,48 -5,00%
Sodial (Pas de Calais)  FR   €34,71 1,70%
Royal Aware  NL   €34,68 -8,90%
Danone (Pas de Calais)  FR   €34,63 0,50%
Lactalis (Pays de la Loire)  FR   €33,97 1,30%
Hochwald Milch eG  DE   €33,72 -1,00%
Savencia (Basse Normandy)  FR   €33,69 -0,70%
Arla Foods DK  DK   €33,18 -5,70%
Kerry Agribusiness  IE   €33,12 -3,40%
DMK  DE   €32,90 -7,60%
dairy gold  IE   €32,76 -4,30%
Dairy Crest (Davidstow)  UK   €32,65 0,10%
Milcobel  BE   €32,57 -8,30%
Muller (Leppersdorf)  DE   €32,34 -8,50%
glanbia  IE   €32,07 -6,40%
Average milk price    €33,93 -3,60%
 
 Processors outside Europe
Emmi  CH   €48,24 -2,00%
United States Class III  US   €31,49 -13,10%
Fonterra  NZ   €29,31 -7,40%

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