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FrieslandCampina increases its guaranteed price for organic farm milk
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Monday, 09 September, 2024, 08 : 00 AM [IST]
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Amersfoort, the Netherlands
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FrieslandCampina increases its guaranteed price for organic farm milk in September to 59.00 euros per 100 kilogrammes, an increase of 1.00 euro compared to last month. The increase is based on the expectation that reference prices will continue to rise due to growing market demand, as well as on a positive adjustment for the past period.
The average guaranteed price for organic farm milk for 2024, up to and including September is 57.08 euros per 100 kilogrammes of milk.
The guaranteed price for farm milk is paid out in the milk components: protein and fat, in a fixed ratio of 6:4. The guaranteed price is published per 100 kilogrammes of farm milk, at 3.58% protein and 4.45% fat, exclusive of VAT. The amount applies for an average of 550,000 kilogrammes of farm milk on annual basis.
Value milk components September
This month the protein value is 901.22 euros and the fat value is 600.81 euros per 100 kilogrammes.
Guaranteed price
The guaranteed price is the price that the company guarantees to pay member dairy farmers for the farm milk they supply. The guaranteed price reflects the average farm milk price to be paid by a number of dairy companies in northwestern Europe, including supplementary payments, registered reservations, seasonal supplements, quantity supplements, maximum quality supplements, and cooperative supplements or charges.
Based on the monthly guaranteed price, a member dairy farmer receives milk money. The milk money is based on the quantity and protein, fat and lactose content of the milk supplied by the member farmer. The difference between guaranteed price and milk money arises from the offsetting of fixed costs and supplements or charges. In 2024, the fixed costs of organic and biodynamic farms are 0.32 euro per 100 kilogrammes of farm milk supplied.
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