The EU average raw milk producer price rose 2.3% month on month in August to €0.428/kg, and preliminary estimates indicate a further increase to €0.431/kg in September. Despite this recovery, the August price remained 19.7% below a year earlier; Hungary recorded the steepest annual decline among EU members, at 29%.
Lower year-on-year milk prices pressure dairy-farm income and can constrain milk production, while the recent monthly recovery may ease supply pressure if it continues. The story points to a mixed outlook for milk prices rather than a clear return to prior levels.
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.