Spot prices for this week have held more or less where they were last week. The weekly Dutch spot prices held at 23c/litre (6 December) for 4.4% fat, ex-factory and excluding taxes. That price is about 3 c/litre under where it was for the same period last year. Similarly, the Italian two-week spot price held at 34.5c/litre this week. That is about where the price was for the same period last year.

On pages 18 & 19 this week, we carry the October international milk league, showing milk prices paid to farmers by global processors.