FrieslandCampina, The leading Dairy company in the Netherlands, has cut the prices for December milk.
The company have now lowered their milk prices to 42.7 cents per litre. This represents a small decrease of 0.3 cents per litre. Last month the company paid 43 cents per litre. The dairy giants have put the move down to a downward trend in the dairy industry across Europe.
The move represents the first cut by the Dutch dairy company in over a year and a half. The company have also written to their suppliers recently, calling them to restrain milk supplies.
The company also announced that it expects milk production levels in early 2018, to exceed those of the same time last year. Milk production in the Netherlands has increased by 0.5% in September and 1.4% in October.