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According to the European Dairy Market Observatory, the average milk price in February was 53.8 ct/kg, an increase of 16% compared to February 2024. The forecast for March: slightly lower at 53.7 ct/kg (-0.3%).
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The markets are currently assuming that seasonal milk deliveries in Germany will continue to decline, although they were 0.7% higher than in the same week last year
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Milk deliveries stabilized at the beginning of August - decline of only 0.1% week-on-week, a clear lead over the previous year.
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At the beginning of August, a balanced market with a less pronounced decline in milk deliveries and a sufficient supply of raw materials was reported for the most part.
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Organic milk remains in particularly high demand: In June, the price reached 65.1 ct/kg - a record level; up 8.9 ct/kg compared to June 2024. First series above 60 ct/kg in over a year.
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The Global Dairy Trade (GDT) Index fell slightly: it now stands at 1,264 points, compared to 1,268 in the previous week and the annual high of 1,344 at the beginning of May.
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The latest auction recorded a price decline of 0.3%.
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Whole Milk Powder (WMP) rose slightly to around US $4,036/t.
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Skim Milk Powder (SMP) fell by 1.8 % to around US $2,756/t
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| Region | Development & trend |
|---|---|
| EU as a whole | Stable: Prices high (+16% vs. previous year), slight decline in production forecast. |
| Germany | Slight year-on-year increase in deliveries; organic prices historically high; supply of raw materials secured. |
| International | GDT shows slight price declines for SMP and overall index - but WMP stable. |
ZMP Live Expert Opinion
Neutral to slightly bullish - despite selective weaknesses (especially SMP), high prices, seasonal declines in deliveries and stable export demand are creating a positive market sentiment. Caution advisable for powder segments.
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