FrieslandCampina has set a guaranteed price for raw milk of €30.00 per 100kg of milk for December 2015, the equivalent of 29.00c/L.
The guaranteed price for December has increased by 0.25c compared to November (€29.75).
The increase of the guaranteed price is due to a positive correction, according to FrieslandCampina.
In the last two months, FrieslandCampina stated that a number of reference companies paid higher milk prices than estimated.
It attributes this as a result of the increase in the prices of consumer milk, especially products in some western European countries.
It also states that because of the high milk supply there remains pressure on the markings of most dairy products.
The protein price in December 2015 is €489.72, the fat price is €244.86 and the lactose price is €48.97per 100kg.
Over the whole of 2015 the guaranteed price will be €30.60 on average, FrieslandCampina has said.
In 2014, the guaranteed price was €39.38 and the milk price was €42.70 (guaranteed price, performance payment, meadow milk premium, special supplements and the reservation of member bonds).
The guaranteed price applies to 100kg of milk with a protein content of 3.47%, a fat content of 4.41% and a lactose content of 4.51% and is exclusive of VAT. The amounts shown apply to an average supply of 600,000kg of milk annually.
Global Dairy Trade prices increase for the first time since early October
Prices at the most recent Global Dairy Trade (GDT) auction increased for the first time since early October.
The event saw the GDT Price Index up 3.6%. At the last GDT overall dairy prices fell 7.9% for the third consecutive auction fall.
Overall and Whole Milk Powder (WMP) prices had fallen 17% and 22%, respectively, over the previous three auctions.
Key Results
- AMF index up 2.3%, average price US$3,519/MT
- Butter index up 5.7%, average price US$3,009/MT
- BMP index down 5.6%, average price US$1,729/MT
- Ched index down 1.5%, average price US$2,829/MT
- LAC index up 1.7%, average price US$507/MT
- RenCas index down 4.3%, average price US$5,046/MT
- SMP index up 3.2%, average price US$1,918/MT
- WMP index up 5.3%, average price US$2,260/MT
