GFD Insights

GFD Insights: Our Own Data

Our own book: every deal the desk struck, with price, volume, origin and delivery period. Nobody else has this — it is the record of what actually changed hands through us.

deals since our start
3,000+
traded since our start
350,000+ mt
Archive
2022–2026
About this archive

Our trade archive reflects approximately 80% of all transactions brokered by Get Fair Dairy since its founding. Trades that are not published are withheld only where confidentiality, exceptional deal structures, non-representative pricing, or other legitimate considerations make publication inappropriate.

Traded pricesExecuted

What the market actually paid

Every month, the volume-weighted average of the trades we executed — not indications, not a survey. The shaded band is the monthly high to low, and the bars along the bottom are the volume behind each point.

Trades delivering within two months of the contract date — the prompt market.

History shown
Last traded month
€ 3,6572026-06
vs a year earlier
−50.1%
Volume brokered
39,326 mt
Range over the period
€ 3,460 – 7,350
4,0005,0006,0007,0002025-07 · € 7,024 · 1,914 mt · 32 trades2025-08 · € 6,603 · 2,743 mt · 28 trades2025-09 · € 5,901 · 3,449 mt · 39 trades2025-10 · € 5,023 · 2,993 mt · 35 trades2025-11 · € 4,435 · 3,419 mt · 37 trades2025-12 · € 3,906 · 198 mt · 3 trades2026-01 · € 3,909 · 2,530 mt · 26 trades2026-02 · € 4,459 · 4,604 mt · 29 trades2026-03 · € 4,528 · 6,036 mt · 58 trades2026-04 · € 3,881 · 3,102 mt · 23 trades2026-05 · € 3,891 · 3,410 mt · 27 trades2026-06 · € 3,657 · 4,928 mt · 42 trades3,6572025-072025-092025-112026-012026-032026-06EUR/MT
2026-06
Weighted average€ 3,657
High€ 3,900
Low€ 3,460
Executed trades42
Volume4,928 mt
4,0006,0002025-07 · € 7,024 · 1,914 mt · 32 trades2025-08 · € 6,603 · 2,743 mt · 28 trades2025-09 · € 5,901 · 3,449 mt · 39 trades2025-10 · € 5,023 · 2,993 mt · 35 trades2025-11 · € 4,435 · 3,419 mt · 37 trades2025-12 · € 3,906 · 198 mt · 3 trades2026-01 · € 3,909 · 2,530 mt · 26 trades2026-02 · € 4,459 · 4,604 mt · 29 trades2026-03 · € 4,528 · 6,036 mt · 58 trades2026-04 · € 3,881 · 3,102 mt · 23 trades2026-05 · € 3,891 · 3,410 mt · 27 trades2026-06 · € 3,657 · 4,928 mt · 42 trades3,6572025-072025-092025-112026-012026-032026-06EUR/MT
2026-06
Weighted average€ 3,657
High€ 3,900
Low€ 3,460
Executed trades42
Volume4,928 mt
Traded price, volume-weightedVolume traded379 trades

Months with fewer than three trades are left out rather than drawn as a confident point on a market that barely traded.

By product

Unsalted Lactic Butter 82%

4,0005,0006,0007,0002025-07 · € 7,024 · 1,914 mt · 32 trades2025-08 · € 6,590 · 2,596 mt · 26 trades2025-09 · € 5,927 · 2,948 mt · 34 trades2025-10 · € 5,019 · 2,951 mt · 34 trades2025-11 · € 4,440 · 3,035 mt · 33 trades2025-12 · € 3,906 · 198 mt · 3 trades2026-01 · € 3,909 · 2,508 mt · 25 trades2026-02 · € 4,518 · 3,774 mt · 23 trades2026-03 · € 4,528 · 5,779 mt · 54 trades2026-04 · € 3,881 · 3,102 mt · 23 trades2026-05 · € 3,891 · 3,410 mt · 27 trades2026-06 · € 3,659 · 4,774 mt · 41 trades3,6592025-072025-092025-112026-012026-032026-06EUR/MT
2026-06
Weighted average€ 3,659
High€ 3,900
Low€ 3,460
Executed trades41
Volume4,774 mt
4,0006,0002025-07 · € 7,024 · 1,914 mt · 32 trades2025-08 · € 6,590 · 2,596 mt · 26 trades2025-09 · € 5,927 · 2,948 mt · 34 trades2025-10 · € 5,019 · 2,951 mt · 34 trades2025-11 · € 4,440 · 3,035 mt · 33 trades2025-12 · € 3,906 · 198 mt · 3 trades2026-01 · € 3,909 · 2,508 mt · 25 trades2026-02 · € 4,518 · 3,774 mt · 23 trades2026-03 · € 4,528 · 5,779 mt · 54 trades2026-04 · € 3,881 · 3,102 mt · 23 trades2026-05 · € 3,891 · 3,410 mt · 27 trades2026-06 · € 3,659 · 4,774 mt · 41 trades3,6592025-072025-092025-112026-012026-032026-06EUR/MT
2026-06
Weighted average€ 3,659
High€ 3,900
Low€ 3,460
Executed trades41
Volume4,774 mt
Traded price, volume-weightedVolume traded355 trades

Unsalted Sweet Cream Butter 82%

4,0006,0008,0002024-11 · € 8,212 · 109 mt · 4 trades2024-12 · € 7,035 · 344 mt · 9 trades2025-01 · € 7,154 · 126 mt · 4 trades2025-02 · € 6,806 · 378 mt · 5 trades2025-03 · € 7,226 · 128 mt · 3 trades2025-04 · € 7,127 · 301 mt · 5 trades2025-05 · € 7,051 · 236 mt · 6 trades2025-06 · € 7,236 · 242 mt · 3 trades2025-09 · € 5,766 · 479 mt · 4 trades2025-11 · € 4,396 · 384 mt · 4 trades2026-02 · € 4,173 · 720 mt · 5 trades2026-03 · € 4,482 · 169 mt · 3 trades4,4822024-112025-012025-032025-052025-092026-03EUR/MT
2026-03
Weighted average€ 4,482
High€ 4,775
Low€ 4,400
Executed trades3
Volume169 mt
4,0006,0008,0002024-11 · € 8,212 · 109 mt · 4 trades2024-12 · € 7,035 · 344 mt · 9 trades2025-01 · € 7,154 · 126 mt · 4 trades2025-02 · € 6,806 · 378 mt · 5 trades2025-03 · € 7,226 · 128 mt · 3 trades2025-04 · € 7,127 · 301 mt · 5 trades2025-05 · € 7,051 · 236 mt · 6 trades2025-06 · € 7,236 · 242 mt · 3 trades2025-09 · € 5,766 · 479 mt · 4 trades2025-11 · € 4,396 · 384 mt · 4 trades2026-02 · € 4,173 · 720 mt · 5 trades2026-03 · € 4,482 · 169 mt · 3 trades4,4822024-112025-012025-032025-052025-092026-03EUR/MT
2026-03
Weighted average€ 4,482
High€ 4,775
Low€ 4,400
Executed trades3
Volume169 mt
Traded price, volume-weightedVolume traded55 trades

Latest executed tradesExecuted

The last deals through the desk

The prints behind the curves above, newest first — every one a deal this desk executed itself, published under the same delay and the same threshold as the rest of GFD Insights.

  • PowderSkimmed Milk Powder Non-Standardised€ 2,6659 Jul 202696 mtJuly 2026GB
  • PowderSkimmed Milk Powder CODEX€ 2,6159 Jul 2026200 mtJuly 2026FR
  • PowderSkimmed Milk Powder CODEX€ 2,6809 Jul 202625 mtJuly 2026BE
  • PowderSkimmed Milk Powder Non-Standardised€ 2,5809 Jul 202672 mtJuly 2026GB
  • PowderSkimmed Milk Powder Non-Standardised€ 2,6258 Jul 2026100 mtJuly – August 2026NL
  • PowderButtermilk Powder€ 2,5358 Jul 202681 mtJuly 2026FR
  • PowderFull Cream Milk Powder€ 3,0406 Jul 202666 mtJuly – August 2026NL
  • PowderSkimmed Milk Powder CODEX€ 2,6252 Jul 202678 mtJuly 2026FR
Open the trade book

Executed against quotedExecutedQuotation

What our customers paid

One line is the official Dutch butter quotation. The other is what Get Fair Dairy actually executed in the same weeks — spot butter out of the Netherlands, Germany and Belgium, weighted by tonnage. Both sides are averaged over the same four weeks, so what you are looking at is the market rather than the smoothing.

Period
3,717/t3,717/t4,360/t4,360/t5,003/t5,003/t10 Nov 259 Feb 2611 May 2610 Aug 26
2 Nov 26
GFD executed · butter NL/DE/BE spotOfficial Dutch quotation · butter

The difference, week by week

+432/t-432/t
Executed above the quotationExecuted below the quotation

Over the last 13 weeks the executed price averaged €157/t below the quotation. The quoted line is the Officiële Nederlandse Zuivelnotering for fresh butter, set every Wednesday by the Commissie Officiële Nederlandse Zuivelnoteringen and published by ZuivelNL — euro per 100 kg ex factory, converted here to the tonne, every week since January 2022. Every point on the executed line is the volume-weighted price of the published deals in the four weeks up to that date — sometimes a dozen, sometimes one. Where the book holds none, the line hops the hole with a dash: it joins the two measured points on either side and claims nothing in between. Butter only for now: the other commodities do not yet trade in enough weekly volume to carry a weekly line.

The daily bookDesk bid–offerWhere the desk stands, day by day

Every trading day the desk closes its book with a bid, an offer and the volume behind them, per product and delivery window. This is that record — the raw feed the daily computed price will be built from.

Butter NL/DE/BEDesk bid–offer

17 Aug 2026
Spot · 1–3 m
€ 3,853 / € 3,960
Mid · 3–6 m
€ 4,010 / € 4,088
Far · 6–12 m
€ 4,225 / € 4,319
€ 3,800€ 3,800€ 4,400€ 4,400€ 4,999€ 4,99901-0203-0204-2806-2308-17
08-17
Spot · 1–3 m€ 3,907
Mid · 3–6 m€ 4,049
Far · 6–12 m€ 4,272
Spot · 1–3 mMid · 3–6 mFar · 6–12 m

Butter PolishDesk bid–offer

10 Aug 2026
Spot · 1–3 m
€ 3,688 / € 3,857
Mid · 3–6 m
€ 3,800 / € 3,938
Far · 6–12 m
€ 4,069 / € 4,157
€ 3,727€ 3,727€ 4,337€ 4,337€ 4,947€ 4,94701-0203-0204-2806-2308-17
08-17
Spot · 1–3 mMid · 3–6 mFar · 6–12 m

Butter IrishDesk bid–offer

17 Aug 2026
Spot · 1–3 m
€ 3,803 / € 3,910
Mid · 3–6 m
€ 3,960 / € 4,038
Far · 6–12 m
€ 4,175 / € 4,269
€ 3,712€ 3,712€ 4,329€ 4,329€ 4,945€ 4,94501-0203-0204-2806-2308-17
08-17
Spot · 1–3 m€ 3,857
Mid · 3–6 m€ 3,999
Far · 6–12 m€ 4,222
Spot · 1–3 mMid · 3–6 mFar · 6–12 m

GoudaDesk bid–offer

17 Aug 2026
Spot · 1–3 m
€ 3,268 / € 3,363
Mid · 3–6 m
€ 3,425 / € 3,538
Far · 6–12 m
€ 3,494 / € 3,663
€ 3,052€ 3,052€ 3,457€ 3,457€ 3,861€ 3,86101-0203-0204-2806-2308-17
08-17
Spot · 1–3 m€ 3,316
Mid · 3–6 m€ 3,482
Far · 6–12 m€ 3,579
Spot · 1–3 mMid · 3–6 mFar · 6–12 m

MozzarellaDesk bid–offer

17 Aug 2026
Spot · 1–3 m
€ 3,488 / € 3,550
Mid · 3–6 m
€ 3,475 / € 3,625
Far · 6–12 m
€ 3,550 / € 3,700
€ 3,009€ 3,009€ 3,413€ 3,413€ 3,817€ 3,81701-0203-0204-2806-2308-17
08-17
Spot · 1–3 m€ 3,519
Mid · 3–6 m€ 3,550
Far · 6–12 m€ 3,625
Spot · 1–3 mMid · 3–6 mFar · 6–12 m

CheddarDesk bid–offer

17 Aug 2026
Spot · 1–3 m
€ 3,413 / € 3,488
Mid · 3–6 m
€ 3,500 / € 3,750
Far · 6–12 m
€ 3,600 / € 3,850
€ 3,249€ 3,249€ 3,635€ 3,635€ 4,020€ 4,02001-0203-0204-2806-2308-17
08-17
Spot · 1–3 m€ 3,451
Mid · 3–6 m€ 3,625
Far · 6–12 m€ 3,725
Spot · 1–3 mMid · 3–6 mFar · 6–12 m

SMP CODEXDesk bid–offer

17 Aug 2026
Spot · 1–3 m
€ 2,875 / € 2,975
Mid · 3–6 m
€ 3,025 / € 3,075
Far · 6–12 m
€ 3,075 / € 3,125
€ 2,088€ 2,088€ 2,550€ 2,550€ 3,012€ 3,01201-0203-0204-2806-2308-17
08-17
Spot · 1–3 m€ 2,925
Mid · 3–6 m€ 3,050
Far · 6–12 m€ 3,100
Spot · 1–3 mMid · 3–6 mFar · 6–12 m

SMP non-std 36% proteinDesk bid–offer

17 Aug 2026
Spot · 1–3 m
€ 3,050 / € 3,150
Mid · 3–6 m
€ 3,200 / € 3,250
Far · 6–12 m
€ 3,250 / € 3,300
€ 2,217€ 2,217€ 2,700€ 2,700€ 3,183€ 3,18301-0203-0204-2806-2308-17
08-17
Spot · 1–3 m€ 3,100
Mid · 3–6 m€ 3,225
Far · 6–12 m€ 3,275
Spot · 1–3 mMid · 3–6 mFar · 6–12 m

159 trading days on record.

How these numbers are made

A price here is a price that was paid

  • Executed, or nothing

    Every level here is a trade Get Fair Dairy executed itself — a signed dossier, not a quote. Nothing is modelled, nothing is surveyed, and no bid or offer, however genuine, ever becomes a price on this curve. The bids and offers the desk saw are published too, in their own book and on their own lines, never blended into this one.

  • Volume behind every point

    A curve built on one deal is an anecdote. Each point here is volume-weighted across the month, and a month that traded too thin is left out rather than drawn as a confident level.

  • Five years and growing

    The book runs back to 2022 and the volume through it has grown every year since. That is what makes the series worth something: not one good print, but a record long enough to be judged.

Where the market has been

Monthly average of the bids and offers we worked, per product. Thin months are thin markets — we show the count so you can judge the weight.

Delivery window
  • Butter

    Unsalted Lactic Butter 82%

    3,0045,3367,6672022-092024-072026-06
    2026-06
    Offer€ 3,906
    Bid€ 3,825
    OfferBid1443 observations
  • Cheese

    Gouda 48%

    2,8893,7384,5862022-102024-042026-06
    2026-06
    Offer€ 3,300
    Bid€ 3,100
    OfferBid200 observations
  • Cheese

    Mozzarella 40%

    2,9973,8824,7662022-102024-072026-06
    2026-06
    Offer€ 3,300
    Bid€ 3,075
    OfferBid105 observations
  • Powder

    Skimmed Milk Powder CODEX

    2,1602,5552,9502022-102024-062026-06
    2026-06
    Offer€ 2,672
    Bid€ 2,715
    OfferBid386 observations

Recent deals, bids and offers

SideChannelProductOriginTermsPeriod
30 Oct 2026DealVia brokerButterUnsalted Lactic Butter 82% Fresh/Frozen max 6 months old€ 3,850132 mtBE, DE, NLFCA NL/DE/BEJanuary – March 2027
30 Oct 2026DealVia brokerButterUnsalted Lactic Butter 82% Fresh/Frozen max 6 months old€ 4,05066 mtBE, DE, NLFCA NL/DE/BEApril – June 2027
30 Oct 2026DealVia brokerPowderSMP MH (codex), fresh, incl std export docs + labels, 25kgs€ 3,675150 mtDEex plantJanuary – March 2027
30 Oct 2026DealVia brokerCheeseColoured Cheddar (Mild)€ 3,86588 mtUKEXW UKNovember – December 2026
30 Oct 2026DealVia brokerButterUnsalted Lactic Butter 82% Fresh/frozen FFA max 0.38€ 3,815132 mtIEFCA IEMarch 2027
30 Oct 2026DealVia brokerCheeseCheddar Curd (max 12 days from loading)€ 3,710176 mtUKEXW UKNovember 2026 – March 2027
30 Oct 2026DealVia brokerPowderSMP LH (codex), fresh max 03 months, 25kgs, incl std export docs + labels€ 3,650100 mtDEex plantDecember 2026
29 Oct 2026DealVia brokerPowderSMP MH (codex), 25kgs, incl std docs, Onet le Chateau plant, max 04 months at et€ 3,520100 mtFRFCA PlantNovember 2026
29 Oct 2026DealVia brokerButterUnsalted Lactic Butter 82% Fresh/Frozen max 6 months old€ 4,05066 mtBE, DE, NLFCA NL/DE/BEApril – June 2027
29 Oct 2026DealVia brokerButterUnsalted Lactic Butter 82% Fresh/Frozen max 6 months old€ 4,05066 mtBE, DE, NLFCA NL/DE/BEApril – June 2027
29 Oct 2026DealVia brokerPowderSMP MH , BB, april-2026 of verser, Kosher + Halal€ 3,53552 mtFR, IE, PLFCA NL (J&S + Hapert)November 2026
29 Oct 2026DealVia brokerButterUnsalted Lactic Butter 82% Fresh/Frozen max 9 months old€ 3,825198 mtFRFCA NLJanuary – March 2027
28 Oct 2026DealVia brokerPowderSMP MH (codex)< 25kgs, May-2026 or fresher, incl Long Term Suppliers Declaration€ 3,56096 mtIEFCA J&SNovember 2026
28 Oct 2026DealVia brokerPowderSMP MH (codex), 25kgs, April-2026 or fresher,  incl Long Term Suppliers Declarat€ 3,560132 mtIEFCA van den Heijden (NL)November 2026
28 Oct 2026DealVia brokerCheeseMozzarella€ 3,65022 mtDE, NLFCA NL/DENovember 2026
26 Oct 2026DealVia brokerCheeseMozzarella€ 3,58022 mtDE, NLFCA NL/DENovember 2026
22 Oct 2026DealVia brokerPowderAgglomorated SMP, BB, June-2026 production or fresher€ 3,81054 mtFRFCA NLNovember 2026
22 Oct 2026DealVia brokerPowderSMP LOW HEAT, Aug/Sep production, 25kgs€ 3,68050 mtFRDAP NL—
20 Oct 2026DealVia brokerPowderUnstandardised SMP MH, 25kgs, fresh, min. 34% as is€ 3,63050 mtPLDAP BarmstedtNovember 2026
20 Oct 2026DealVia brokerPowderUnstandardised smp mh, 25kgs, fresh, min 34% as is€ 3,660110 mtPLDAP NLNovember 2026
20 Oct 2026DealVia brokerPowderWMP Regular 26%, fresh, 25kgs€ 3,80050 mtDEFCA Buisman (NL)October 2026
20 Oct 2026DealVia brokerPowderUnstandardised SMP MH, 25kg bags, fresh, min 34% as is€ 3,57592 mtPLDAP NLOctober – November 2026
20 Oct 2026DealVia brokerPowderUnstandardised SMP MH, BB, fresh, min 34% as is€ 3,575138 mtPLDAP NLOctober – November 2026
14 Oct 2026DealVia brokerCheeseEdam -  augustus productie - 27kg blocks€ 3,17544 mtDE, DKFCA NL—
14 Oct 2026DealVia brokerPowderSkimmed Milk Powder Medium Heat Codex Fresh€ 3,57550 mtDEDAP Jonker en SchutNovember 2026
14 Oct 2026DealVia brokerButterUnsalted Lactic Butter 82% F/F max 6 month old€ 4,060132 mtBE, DE, NLFCA NL/DE/BEApril – June 2027
14 Oct 2026DealVia brokerButterWhey Butter€ 3,45022 mtDKEXW NL—
14 Oct 2026DealVia brokerButterUnsalted Lactic Butter 82% F/F max 6 month old€ 3,675132 mtBE, DE, NLFCA NL/DE/BEOctober – December 2026
14 Oct 2026DealVia brokerButterUnsalted Lactic Butter 82% Fresh/frozen FFA max 0,33€ 3,825198 mtIEFCA NLJanuary – March 2027
14 Oct 2026DealVia brokerPowderSkimmed Milk Powder Medium Heat 25kg bags Codex Mei of verser€ 3,590132 mtIEFCA J&SNovember 2026
13 Oct 2026DealVia brokerButterUnsalted Lactic Butter 82% F/F max 6 month old€ 3,975132 mtBE, DE, NLFCA NL/DE/BEApril – June 2027
13 Oct 2026DealVia brokerButterUnsalted Lactic Butter 82% F/F max 6 month old€ 3,635132 mtBE, DE, NLFCA NL/DE/BEDecember 2026
13 Oct 2026DealVia brokerButterUnsalted Lactic Butter 82% F/F max 6 month old€ 3,65088 mtBE, DE, NLFCA NL/DE/BENovember – December 2026
13 Oct 2026DealVia brokerPowderUnstandardised SMP MH, min. 38% as is, BB€ 3,800100 mtIEFCA NL—
13 Oct 2026DealVia brokerButterUnsalted Lactic Butter 82% F/F max 6 month old€ 3,65066 mtBE, DE, NLFCA NL/DE/BEOctober 2026
13 Oct 2026DealVia brokerPowderSMP NS€ 3,44063 mtUADDP NLOctober 2026
13 Oct 2026DealVia brokerCheeseWhite Cheddar Curd (Max age 14 days at delivery customer)€ 3,62088 mtPLEXWNovember – December 2026
13 Oct 2026DealVia brokerCheeseMozzarella€ 3,45022 mtDE, DKFCA NLNovember 2026
13 Oct 2026DealVia brokerPowderSkimmed Milk Powder Medium Heat€ 3,600150 mtDEFCA GermanyNovember 2026
13 Oct 2026DealVia brokerButterUnsalted Lactic Butter 82% F/F max 6 month old€ 4,190132 mtBE, DE, NLFCA NL/DE/BEJuly – September 2027

Showing 40 of 600

Milk valorization

What is your milk worth if you turn it into butter and powder instead of cheese? Enter today's prices and see the return per litre.

Open the calculator

© Get Fair Dairy. This data is Get Fair Dairy's proprietary record; it may not be distributed, republished or resold without our prior written permission.