“After a phase of stability around €460/t in the first half”, the price of milk in the EU 27 has “taken off in the second half” of 2024, indicates Idele in its latest Milk-Meat Trends.
Thus, the weighted average price of volumes collected in each country reached €517/t in October: a increase of 74 euros over one yearand which “should continue”.
This surge is explained by a “marked increase in the price of milk in recent months in most European countries”, linked to several factors: “the tension on milk resources within the EU, the impacts of FCO-3tensions on the fat market.
While it fell in Spain throughout 2024, the price of milk rose to The Netherlands in October: + €125/t compared to October 2023, at €535/t. Same pattern in Poland: + €79/t over one year, to €517/t.
Significantly increasing since mid-2024, the price of standard milk reached €497/1,000 l in October in Germany (+€93/October 2023), i.e. €45 above the French pricewhose increase in recent months remains “much more moderate than elsewhere in Europe”.
The collection European dairy grew by 0.3% over the first ten months of 2024, with significant differences depending on the country, underlines Idele.
Ireland recorded a strong recovery in October (+14.8%/2023) after a difficult year, while Germany and the Netherlands suffered declines of 2.2% and 1.6% respectively per year. compared to October 2023, mainly because of the impact of FCO-3 and the unfavorable weather. Although slowed down in the East by the disease, overall French collection increased by 1.1% between October 2023 and October 2024.
Poland, for its part, continued in “its positive dynamic of dairy production that began ten years ago”, and contributed to stabilizing European production. Its collection increased by 3.3% in October, and by 2.8% over ten months. Its supply exceeding domestic demand makes it “a key country in dairy product exports ».
