In Germany in July compared to June the raw material or compound value of milk at farm fell 0.6 eurocent to 30.4 eurocent per kilogram milk with 4.0 percent fat and 3.4 percent protein (exclusive VAT). This is 3.5 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 February 2021 at 36.1 eurocent. The lowest future price is the price for August 2019 at 31.2 eurocent. www.ife-ev.de