In Germany in October 2023 compared to September 2023 the raw material or compound value of milk at farm increased 4.2 eurocent to 39.2 eurocent per kilogram milk with 4.0 percent fat and 3.4 percent protein (exclusive VAT). This is 18.8 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 May 2025 at 51.8 eurocent. The lowest future price is the price for November 2023 at 42.7 eurocent