In Germany in March compared to February 2023 the raw material or compound value of milk at farm decreased 0.4 eurocent to 38.6 eurocent per kilogram milk with 4.0 percent fat and 3.4 percent protein (exclusive VAT). This is 21.5 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 October 2024 at 45.8 eurocent. The lowest future price is the price for April and May 2023 at 37.6 eurocent.