Milk prices in the Netherlands rose slightly for farmers and consumers

In May 2024, the consumer price index (CPI) for dairy products reached 130 points, showing a slight increase from March but a 5% decrease from May 2023. The producer price index (PPI) for dairy was 122 points, 1% lower than in March, while the farm gate price index rose to 135 points, nearly 2% higher than in March. Despite some stabilization in CPI and PPI, the farm gate price index continues to rise. The Dutch milk supply decreased by 1.3% compared to the previous year, while EU-wide supply increased by 1.1%. The Dutch dairy industry faces challenges from the phasing out of derogation and a wet spring, leading to higher milk prices offered by buyers to maintain volumes amidst foreign market competition.

The consumer price index (CPI) for dairy ended at 130 in May 2024 (2020=100). The price rose slightly compared to March. The producer price index (PPI) ended at 122 points and the farm gate price index ended at 135. Compared to two months earlier, this is a decrease of 1 percent and an increase of almost 2 percent respectively. While the CPI and PPI are stabilizing somewhat, the farm gate price index continues to rise. The consumer price index (CPI) for dairy ended at 130 points (2020=100) in May 2024, 0.3 percent higher than in March 2024, and 5 percent lower than in May 2023. Since May 2023, the index has fallen after two years of consecutive increases. From November 2023, the index has risen slightly again, but the May 2023 level is still out of reach. Almost all individual dairy products show a decrease of 1 to 2 percent between September 2023 and January 2024. Only the price of yoghurt has remained stable during this period. The price of cheese and curd has fallen the most. ...