In Germany in February compared to January 2023 the raw material or compound value of milk at farm has fallen 5.8 eurocent to 39.0 eurocent per kilogram milk with 4.0 percent fat and 3.4 percent protein (exclusive VAT). This is 17.3 eurocent less than in the same month one year before. The highest future price of milk for the next 18 months on the Kieler Börsenmilchwert European Energy Exchange is the price for September 2024 until July 2024 at 46.2 eurocent. The lowest future price is the price for April 2023 at 39.2 eurocent.