In Germany in July 2023 compared to June 2023 the raw material or compound value of milk at farm decreased 1.7 eurocent to 35.3 eurocent per kilogram milk with 4.0 percent fat and 3.4 percent protein (exclusive VAT). This is 28.5 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 January and February 2025 at 46.0 eurocent. The lowest future price is the price for August 2023 at 35.9 eurocent.