Milcobel with milk price well below 40 euros

Milcobel lowers the milk price for November by the largest step so far this year. The price at legal Belgian levels goes well below €40 per 100 liters. The maximum price at actual levels remains slightly above. In total, the actual price decreases by €6.16 to a base level of €39.36 per 100 liters, based on an annual delivery of 1.3 million liters, excluding VAT. Including the sustainability surcharge, an additional €1 can still be received. Members with an extra large volume of 2.7 million liters per year or more can receive up to €41.25 according to Milcobel with maximum surcharges. This concerns a small group. The milk price at the legal Belgian content has been set at €37 per 100 liters. According to the board of Milcobel, the strong reduction can be attributed to current low price levels in the dairy market and the consequences this has for the company. Like the other dairy processors, Milcobel does not escape this economic reality. Falling prices are causing further delays on the demand side, at a time when milk supply is showing a strong upward trend. The board meanwhile hopes for first positive signals that the bottom of dairy prices may be in sight. A message that dairy farmers also hope for, in terms of the return on their own dairy business. Milk price comparator Belgium Due to the recent reduction, Milcobel is currently the lowest payer in Belgium, as shown by the Milk Price Calculator. The cooperative pays €4.46 per 100 liters less than proposed merger partner FrieslandCampina and €6.23 less than current leader Arla. At the beginning of next month, the members of FrieslandCampina and Milcobel must cast a definitive vote on the proposed merger of both. Then the merger could take effect as of the new year, and the members of the two old cooperatives will receive the same milk money.