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DCA Benchmarks: Milkfat commentary week 48

AnalysisBy Wouter BaanPublished: Nov 27, 2025

Prices on the milk fat market remain under pressure in November. This week we again see further price declines for butter, cream, and AMF. Due to the rapid price drop, the spread between the highest and lowest price inputs for butter is relatively wide. German butter is currently the most expensive in Northwest Europe. The DCA cream benchmark, at €4,590 per tonne, is at its lowest level in more than two and a half years.

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