EU farmgate milk prices stays at €29.81/100kgStaff Writer | December 13, 2016
The October EU weighted average milk price stood at €29.81/100kg (27.36ppl), up €2.02/100kg (7.3%) on the previous month. In pence per litre, the price was up on September by 2.99ppl (12.3%).
Dairy Milk prices are going down
The average UK farmgate price in October stood at €26.32/100kg (24.16ppl), which was the lowest price of any nation in the EU15 in both euro and sterling terms.
The EU15 weighted average price stood at €30.21/100kg (27.73ppl) in October, €2.01/100kg (7.1%) up on September, but was €1.20/100kg (3.8%) lower than the October 2015 average.
Looking at the top-five milk producing countries for this month (Germany, France, UK, Netherlands and Poland), the average October price was €29.18/100kg which was a €2.18/100kg (8.1%) increase compared with the previous month. ■