FrieslandCampina Raises Guaranteed Price for Farm Milk in February 2024 to 46.00 euros
Source: The DairyNews
In a positive move, the FrieslandCampina guaranteed price for farm milk sees an increase of 1.25 euros, reaching 46.00 euros per 100 kilograms in February compared to the previous month. This adjustment is driven by robust demand for dairy products in Europe coupled with a reduction in milk supply, prompting expectations that reference companies will follow suit by raising farm milk prices.
The average guaranteed price for farm milk for the first two months of 2024 is 45.38 euros per 100 kilograms.
FrieslandCampina's guaranteed price for farm milk is based on milk components—specifically protein and fat—in a fixed ratio of 6:4. Published per 100 kilograms of farm milk at 3.58% protein and 4.45% fat, exclusive of VAT, this amount applies to an average of 925,000 kilograms of farm milk annually.
In February, the protein value stands at 702.65 euros, and the fat value is 468.43 euros per 100 kilograms of milk.
The guaranteed price serves as the commitment from the company to pay member dairy farmers for the farm milk they supply, encompassing various components such as supplementary payments, registered reservations, seasonal supplements, quantity supplements, maximum quality supplements, and cooperative supplements or charges.
FrieslandCampina's guaranteed price for farm milk is based on milk components—specifically protein and fat—in a fixed ratio of 6:4. Published per 100 kilograms of farm milk at 3.58% protein and 4.45% fat, exclusive of VAT, this amount applies to an average of 925,000 kilograms of farm milk annually.
In February, the protein value stands at 702.65 euros, and the fat value is 468.43 euros per 100 kilograms of milk.
The guaranteed price serves as the commitment from the company to pay member dairy farmers for the farm milk they supply, encompassing various components such as supplementary payments, registered reservations, seasonal supplements, quantity supplements, maximum quality supplements, and cooperative supplements or charges.
