Dairy materials prices up in Germany

After a significant increase in January 2022, the Kiel raw material value of milk increased noticeably in February 2022.

Compared to the previous month, it increased by 2 eurocents to €056.3 cents/kg. At the same time, the previous year’s value was exceeded by 23.4 cents, reports the ife Institute in Kiel.

The upswing in the prices for butter and skimmed milk powder was decisive for further increases in the value of raw materials. Both products were in high demand and only available in limited quantities.

According to calculations by the ife Institute, the average German butter price rose by €5.10 to €590.40/100kg in February 2022. Prices for skimmed milk powder rose from €18.80 to €365.40/100 kg.

The raw material value determined monthly by the ife Institute in Kiel applies to standard milk with 4% fat and 3.4% protein from the milk producer’s farm and without VAT. The basis for calculation are the average market prices for butter and skimmed milk powder based on the listings on the southern German butter and cheese exchange in Kempten.

The raw material value does not therefore correspond to the price paid by a particular dairy, but it does provide the direction and scope for the development of raw milk prices to a certain extent.

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