05/06/2026
The average standard milk price declined again in April, marking the tenth consecutive monthly decrease since July 2025. Prices averaged €39.76 per 100 kg, down €0.72 vs. March (-1.8%) and around 21% below April last year.
Most European processors either lowered prices or kept them stable. Spain saw the strongest decline after a long period of high prices. In contrast, US milk prices continued to rise, driven by higher protein values.
KEY PRICE CHANGES – APRIL 2026
Price developments were mixed across Europe and global exporters, mainly driven by fat/protein movements, seasonality, and currency effects.
Strong increases: FrieslandCampina (+2.36), DMK (+2.00), LDA (+1.25), USA Class III (+0.67)
Stable: Hochwald, Dairygold, Tirlan
Slight declines: Arla, Kerry, Mlekpol, Emmi, Sodiaal, Savencia
Stronger declines: Capsa Food (-7.44), Saputo UK (-3.48), Valio (-3.40), Danone (-1.31), Lactalis (-0.63)
Overall, the average milk price fell by €0.72 per 100 kg, continuing the downward trend.
Global exporters remained broadly positive in production, while currency effects (CHF, NZD) influenced euro-based prices (e.g. Emmi, Fonterra).
EU MILK SUPPLY +4.5% IN Q1
EU milk supply increased strongly again in March (+4.2%), driven by Western Europe and Poland. Ireland was the only exception. Overall, supply rose by 4.5% in Q1 2026.
Global milk production also remained strong: New Zealand (+9.7%), USA (+2.3%), Australia (+2.8%), Argentina (+7.9%), and Uruguay (+11.3%). Total output of major exporters was +4.1% year-on-year up to March.
BUTTER & SMP PRICES STABILISE
Butter prices fell below €400 in early May after sharp declines but have since stabilised. High production, strong stocks, and weak seasonal demand continue to weigh on the market.
Skimmed milk powder prices have risen since January despite higher supply, but have also stabilised recently. Demand has softened again, adding pressure. The EU remains the most competitive global supplier.
The EDF–ZuivelNL International Milk Price Comparison benchmarks average milk prices paid to producers by sixteen major European dairies, including key bonuses such as quality, volume, sustainability, and seasonal payments, providing a transparent global comparison of milk price developments.
