IFCN milk price indicator


The IFCN milk price indicator* represents the world market price level for milk. It is based on export prices for SMP and butter FOB port for Oceania.

The arrow beneath the price indicates the direction of change from the previous month to date (e.g. green arrow: up from last month).

Price developments:

In US-$ terms:

After six consecutive months of decline, the IFCN milk price indicator increased from July to August by +7.0%. The development was driven by both an increase in butter prices (+4.8%), and SMP prices (+6.8%).

In € terms:

In Euro the IFCN milk price indicator increased by 6.2%, driven by a slightly stronger Euro value against the US-$ (0.7%).

Update done:



SMP: 1.25% fat, >=34% protein (non-fat dry basis)

Butter: 82% fat

Calculation: IFCN milk price indicator = ((butter price - processing costs)/technical coefficient for butter + (SMP price - processing costs)/technical coefficient for SMP)

Sources: SMP and butter prices from USDA. Conversion of the price from US-Dollar to Euro is done with exchange rates from www.oanda.com.

IFCN milk price indicator
August 2012
28.9 €/100kg arrow up
35.9 US-$/100kg arrow up
Read more
IFCN feed price indicator
August 2012
32.9 €/100kg arrow up
40.8 US-$/100kg arrow up
Read more
The latest news & dates

13th IFCN Dairy Conference in Kiel

07. Jun 2012
Since the year 2000 the annual IFCN Dairy Conference is the key event for dairy farm economists...  Read more »

IFCN PPT at the Alltech’s 28th Annual International Symposium, Lexington, Kentucky, USA

29. May 2012
Mikhail Ramanovich from the IFCN Dairy Research Center held a presentation in the Dairy session...  Read more »

85 Research Partners

Erwin Wauters


8 Institutional Partners

6 Main supporting Partners

84 Supporting Partners

Dairy Farmers

Saudi Arabia
IFCN Dairy Research Center | Schauenburgerstr. 116 | 24118 Kiel, Germany | E-Mail: info@ifcndairy.org | Phone: +49 (0) 431-5606-250 | Fax: +49 (0) 431-5606-262 | Imprint