International comparison of producer prices for milk

Average milk price November € 50.04

The calculated advance milk prices in November 2024 amount to an average of € 50.04 per 100 kg of standard milk. This is an increase of € 1.10 compared to October (+2.3%). Due to non- availability of the relevant milk statement, the milk price for the Irish dairy company Tirlan (Glanbia) was calculated this month on the basis of publicly published information.

From January 2024, due to the addition of the Belgian LDA, the calculated milk price is based on 16 dairy companies. The average milk price in November 2024 is more than 21% higher than in the same month of the previous year.

This month, almost all calculated milk prices of the European dairy companies rose again. This was mainly due to a higher fat and protein valuation. In contrast, prices outside Europe showed a decrease. In the case of New Zealand, this mainly reflected the exchange rate development, while in the US, it was mainly the protein price that fell.

Please find the complete monthly overview below.

EDF-ZuivelNL International Milk Price Comparison

The joint project was discontinued in 2021 due to cutbacks at ZuivelNL. EDF continued to collect milk price information making it possible to calculate and publish comparable milk prices of the missing months from March 2021 onwards.
The name has been changed to EDF-ZuivelNL International Milk Price Comparison to give visibility to the executing parties. In terms of content, it is a continuation of the LTO International Milk Price Comparison.