In Germany in May compared to April 2023 the raw material or compound value of milk at farm increased 0.1 eurocent to 36.4 eurocent per kilogram milk with 4.0 percent fat and 3.4 percent protein (exclusive VAT). This is 30.2 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 June 2024 until December 2024 at 44.8 eurocent. The lowest future price is the price for June 2023 at 39.2 eurocent.