European milk price equal to last year

The average European milk price in March 2019 was €33,52 per 100 kilos of milk, which is approximately €0,33 lower than in February. It is striking that the average European milk price in March 2019 is equal to the level of March 2018. The average milk price of 2017 and the 5 years before also hardly deviate from this price.

Glanbia determines price
The decrease in the European milk price is mainly due to the decrease in the milk price of Glanbia. The Irish dairy processor showed an increase of €3,50 in February, but this was canceled out in March. This month the milk price drops by €4,80. This has to do with the fact that a seasonal allowance was paid for February. This does not apply in March.

In addition to Glanbia, Hochwald (-€1,00) and Danone (-€0,30) have also reduced the milk price. However, most dairy companies have their milk price unchanged left to February. On the other hand, the milk price of Dairy Crest (+€0,60) and Kerry Agribusiness (+€0,30) showed a slight increase.

Seasonal decline
Milk prices usually show a decline at the beginning of the year. On the other hand, the price development at the beginning of 2019 shows a somewhat flatter trend than in previous years. Due to the announced milk price of Arla (-€0,10 in April, unchanged in May), DMK (unchanged in April), Dairy Crest (unchanged until May) and the French dairy companies, this relatively stable development will continue in the coming months. to apply.

Despite the fact that FrieslandCampina's milk price decreased in April (-€0,50) and May (-€0,70), the dairy cooperative does contribute to the stable development. This is because FrieslandCampina lowered milk prices even further last year in the same period.