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Belgian LDA cuts milk price in September
The Belgian dairy cooperative Laiterie des Ardennes (LDA) is cutting its milk price for September. The price at the legal levels in Belgium will be reduced by €4,50 to €43 per 100 liters.
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LDA has a tradition of closely monitoring the market. The cooperative does this consistently. Therefore, the sharp price drops in the market, particularly for butter and mozzarella, but also for milk powders, have led to a significant reduction in the milk price paid to members.
Based on actual Belgian fat and protein content, the milk price for September will decrease by €4,62 to €45,49 per 100 liters. This price applies to an annual supply of 1,3 million liters.
It's not that LDA only started lowering prices this month. The first milk price adjustment was last summer. The June milk price was already lower than the May one. Most other processors in Belgium kept their prices unchanged, as can be seen in the Belgian Milk Price Comparator van Boerenbusiness.
Like Dutch processors, Belgian processors are struggling not only with low dairy prices but also with high supply. At LDA, there's an average 10% more milk this year. This is not much different at other companies. This glut is putting price pressure on producers and also making it difficult to process all the supply.