NETHERLANDS - The Friesland Campina guaranteed price for raw milk for August 2016 is 25 euros per 100 kilograms of milk.
The price for August therefore remains the same as in the past three months.
In the guaranteed price for August incorporates a negative correction of 0.39 euro for the guaranteed price of June which was estimated too high. It is expected that the milk prices of the reference companies will remain stable in August, compared to July.
"The increase of the milk production in the EU is fairly stable, with declining demand from the Middle East and Africa due to low oil prices," the company said.
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