Germany: ife data – August

In Germany in August compared to July the raw material or compound value of milk at farm fell 0.6 eurocent to 29.8 eurocent per kilogram milk with 4.0 percent fat and 3.4 percent protein (exclusive VAT). This is 3.9 eurocent less than in the same month last year. The highest future price of milk for the next 18 months on the Kieler Börsenmilchwert European Energy Exchange is the price for November 2020 until March 2021 at 35.3 eurocent. The lowest future price is the price for September 2019 at 32.2 eurocent. www.ife-ev.de

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