Dairy still resilient — October milk price rises at EU co-ops

Despite Covid-19, global trade and EU exports have been remarkably strong.

The decline in sales of drinking milk stopped under Covid-19, due to increased domestic and export demand.

Relatively little movement in EU milk prices for September, and some increases in October, bring hope for dairy farmers that markets will remain stable, despite the gloomy macroeconomic outlook, Covid-19, exchange rate volatility, and Brexit developments.

According to the Dutch dairy sector’s monthly review of milk prices paid by the EU’s leading co-ops, small September price reductions are expected for Lactalis, Savencia, and FrieslandCampina.