FrieslandCampina increases milk price

The FrieslandCampina guaranteed price for raw milk for May 2013 is 39.50 euros per 100 kilogrammes of milk. The guaranteed price for May is therefore 2.50 euros above the level of the guaranteed price for April 2013 (37.00 euros). The increase in the guaranteed price is the result of expected higher milk prices of the reference companies in May, due to the sharp increase in the price of commodities such as skimmed and full-fat milk powder, whey powder and butter in recent months. These price increases are due to the ongoing lower milk supply on the global market.  In addition, a smaller part of the increase in the guaranteed price is the result of a correction of an underestimate of the milk prices of the reference companies in previous months. The protein price rises to 6.98 euros per kilogramme (April 2013: 6.87 euros). The fat price rises in May 2013 to 4.18 euros per kilogramme (april 2013: 3.69. The guaranteed price applies for 100 kilogrammes of milk with a fat content of 4.41% and a protein content of 3.47% and is exclusive of VAT.