One of the world’s largest co-ops, FrieslandCampina has increased its guaranteed price for raw milk for November 2016 at €33.00/100kg of milk. The guaranteed price for November is an increase of €3.75 compared to October.
However, it says that part of the €3.75 increase (0.30c) is a correction on too low estimated prices in the past few months. It says that the positive development of the milk price is caused by increasing quotations, mainly for cheese and butter.
Meanwhile, in the UK, First Milk has confirmed a price increases for November.