In Germany in October compared to September 2022 the raw material or compound value of milk at farm has fallen 1.7 eurocent to 58.0 eurocent per kilogram milk with 4.0 percent fat and 3.4 percent protein (exclusive VAT). This is 14.7 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 November 2022 at 50.0 eurocent. The lowest future price is the price for January 2023 at 47.8 eurocent.