Milk purchase price rises for three straight months

The average purchase price of natural milk increased in Lithuania three months in a row and stood at EUR 512.92 per tonne in October, according to the Agricultural Data Centre.

In October 2024, the purchase price of milk was by 19.6% greater than in September 2024 and by 31.7% greater than in October 2023.

The purchase price of milk is now the highest since December 2022, when it stood at EUR 509 per tonne. The all-time highest price was recorded in October 2022, when it stood at EUR 552 per tonne.

Dairy purchasing companies in October paid on average EUR 558.56 per tonne of natural milk, by 17.6% more than in September, to major dairy producers, selling more than 40 tonnes of raw milk per month.

In October 2024, 115,300 tonnes of milk were purchased, by 2.6% less than in October 2023.