Raw Milk Price Trend and Forecast

Raw Milk Regional Price Overview

Get the latest insights on price movement and trend analysis of Raw Milk in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

 

Raw Milk Price Trend for the First Half of 2024

In the first half of 2024, the raw milk market has experienced a series of price adjustments driven by rising production costs and environmental challenges. Major dairy companies, including Amul and Mother Dairy, have raised their milk prices due to escalating costs associated with cattle feed, transportation, storage, and labor. Additionally, recent heatwaves have further stressed dairy cattle, adversely affecting milk production.
 

Raw Milk Price Chart

Raw Milk Price Trends

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This increase in operational costs has been compounded by rising temperatures, which exacerbate heat stress in livestock, potentially leading to long-term production losses. In response, both Amul and Mother Dairy implemented price hikes in early June to mitigate the financial strain on dairy producers. Meanwhile, in Europe, the raw milk market also saw a slight uptick in prices during June. This rise was partly due to a decrease in milk yields following their peak, and increased demand from cheese makers during the tourist season. Despite some regions experiencing higher milk yields due to favorable weather, overall procurement prices in the EU rose slightly, reflecting a balance between declining production and steady demand.

Analyst Insight

According to Procurement Resource, milk prices are expected to remain elevated in the near future as well. The demands are not projecting any relaxation, and the supply situation is also unlikely to change.
 

Raw Milk Price Trend for the Second Half of 2023

Product Category Region Price Time Period
Raw Milk Food and Beverage USA 384 USD/100 kg July 2023
Raw Milk Food and Beverage USA 454 USD/100 kg December 2023


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Raw milk saw an upward-wavering price trajectory throughout the given period of Q3 and Q4 2023. In the American raw milk market, the prices went from about 384 USD/100 kg in July’23 to around 454 USD/100 kg in December’23, yielding an overall appreciation of about 18%.

This market performance was a direct reflection of the inclination in downstream demands as the holiday season neared. The major share was of the baking, food, and beverage industries. Global milk production has also taken a hit in recent times. The biggest milk-producing country in the world, India, is also a rising population, so domestic milk consumption does not leave much room for exports. Overall, a positive price trajectory was experienced.

Analyst Insight

According to Procurement Resource, Raw Milk prices are expected to continue behaving similarly; however, the market’s strive for normalization will control the pace of rise.
 

Raw Milk Price Trend for the First Half of 2023

During the COVID phase, the producers of raw milk witnessed a steep slump in demand as the majority of the businesses suffered from the long phase of restrictions. This led to a serious financial constraint on the producers, and thus, many of them had to put a halt to their production activities.

After the uplifting of restrictions, the output of raw milk did not increase as much as its demand, which was the major cause of the inclination in the price trend of raw milk in the first two quarters of 2023. In the Asia Pacific markets, the demand for raw milk from the international players supported the rates of export and proved to be beneficial for the traders, but on the other hand, it led to a shortage of supply in the domestic markets, which further supported the rise in the prices of raw milk.

In addition to this, the inflation in the food market was caused by the restricted supply of food products due to the Russia-Ukraine crises and extreme weather conditions that proved to be beneficial for the market and prices of raw milk.

Analyst Insight

According to Procurement Resource, the price of Raw milk is estimated to incline in the upcoming quarters as the demand for raw milk seems to surpass the production rates.

Procurement Resource provides latest prices of Raw Milk. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

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About Raw Milk

Raw milk basically refers to unpasteurised milk, that is, the milk which has not been through the process of pasteurisation or homogenisation. It is a method of heating liquid foods in order to decontaminate them and kill microorganisms for safe drinking. The components of raw milk are safe for its consumption and other uses.

Raw Milk Product Details

Report Features Details
Product Name Raw Milk
Industrial Uses Cheese, Butter , Yoghurt, Ice Creams, Sweets, Custard, Cosmetics
Supplier Database Nestle SA, China Mengniu Dairy Company Limited , Lactalis Group, Dairy Farmers of America, DMK Deutsches Milchkontor GmbH
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes 
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery


Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Raw Milk Production Processes

Raw Milk, as secreted by mammals like cows, buffaloes and goats is free of micro-organisms. Raw milk is further processed and refined for commercial use. The milking enterprise complements other agricultural enterprises within a farming system.

Methodology

The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.

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