Friesland Campina, the Netherlands-based dairy co-operative, has announced a sharp reduction in its forward milk price for November supplies, cutting 5.92 c/l (excluding VAT) for milk at 3.3% protein and 3.6% fat. The move marks one of the most significant price reductions in the co-op’s history, reflecting the ongoing downturn in European dairy markets.
The co-operative stated that the decision also acts as a correction following an overpayment earlier in the year, highlighting the volatility and market adjustments currently shaping Europe’s dairy pricing landscape. Friesland Campina is the first processor to publish its November milk price, setting the tone for what could become a broader trend of cuts across the region.
In recent weeks, nearly all major European processors have announced milk price reductions for October, averaging around 2 c/l (excluding VAT). Following Friesland Campina’s announcement, industry analysts expect that other processors may follow suit with similar adjustments for November.
Meanwhile, Irish co-operatives have finalised prices for September deliveries, implementing cuts between 3c/l and 4c/l among leading players. Butter and cheese markets remain subdued, with prices showing continued weakness. However, the pace of decline appears to have stabilised, and butter prices held steady in the latest reporting week.
Market observers suggest that while this correction phase is painful for producers, it may lay the groundwork for a gradual recovery once supply aligns more closely with demand in early 2026.
