The guaranteed price for raw milk in May 2015 has been lowered 3.8% to €32.00/100kg, equivalent to around 24ppl at current exchange rates. The price is €1.25 lower than in April 2015 (€33.25 euros) and a major drop on the price guaranteed in May last year before the abolition of quotas (€40.25).

The cooperative said the reduction of the guaranteed price is based on the expectation that milk prices of most reference companies in May will continue to decline.

This is caused by slightly decreasing quotations of various dairy products because of an increasing milk supply and a stable demand for dairy products.