
The average European milk price rose 2.1% in September to €41.90, although it remained more than 14% below the level a year earlier. European supply growth slowed: Netherlands milk volume fell 1.7% in September, while EU-wide supplies rose 0.7% in August; several processors raised prices amid competitive demand.
Slower supply growth alongside active processor demand supports European milk prices, though the large year-on-year decline points to a market still below last year's levels. The reported US and New Zealand price declines reflect different supply, Class III price, and currency conditions.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.