In Germany in January 2023 compared to December 2022 the raw material or compound value of milk at farm has fallen 3.1 eurocent to 44.8 eurocent per kilogram milk with 4.0 percent fat and 3.4 percent protein (exclusive VAT). This is 9.5 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 February 2024 until July 2024 at 46.0 eurocent. The lowest future price is the price for February 2023 at 37.1 eurocent.