In Germany in November compared to October 2022 the raw material or compound value of milk at farm has fallen 6.1 eurocent to 51.9 eurocent per kilogram milk with 4.0 percent fat and 3.4 percent protein (exclusive VAT). This is 1.8 eurocent more 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 December 2022 at 45.3 eurocent. The lowest future price is the price for February and March 2023 at 42.9 eurocent.