
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.
- 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
- 2026-06
- Weighted average€ 3,657
- High€ 3,900
- Low€ 3,460
- Executed trades42
- Volume4,928 mt
- 2026-06
- Weighted average€ 3,657
- High€ 3,900
- Low€ 3,460
- Executed trades42
- Volume4,928 mt
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%
- 2026-06
- Weighted average€ 3,659
- High€ 3,900
- Low€ 3,460
- Executed trades41
- Volume4,774 mt
- 2026-06
- Weighted average€ 3,659
- High€ 3,900
- Low€ 3,460
- Executed trades41
- Volume4,774 mt
Unsalted Sweet Cream Butter 82%
- 2026-03
- Weighted average€ 4,482
- High€ 4,775
- Low€ 4,400
- Executed trades3
- Volume169 mt
- 2026-03
- Weighted average€ 4,482
- High€ 4,775
- Low€ 4,400
- Executed trades3
- Volume169 mt
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.
- PowderBMP, fresh, 25kgs, incl std docs€ 3,28015 Sept 202648 mtNovember 2026UK
- ButterUnsalted Lactic Butter 82% F/F max 6 month old€ 4,43011 Sept 2026132 mtApril – June 2027BE, DE, NL
- PowderSWP, BB, vers, 24maanden shelf life€ 1,82510 Sept 2026192 mtSeptember 2026FR
- CheeseMozzarella fresh on Euro or indu pallets€ 3,52010 Sept 202622 mt—DE
- ButterUnsalted Lactic Butter 82% Frozen 10kg€ 3,9008 Sept 202622 mtSeptember 2026DK
- ButterUnsalted Lactic Butter 82% F/F max 6 month old€ 3,8508 Sept 202622 mtSeptember 2026BE, DE, NL
- ButterUnsalted Lactic Butter 82% F/F max 6 month old€ 4,0008 Sept 202666 mtOctober – December 2026BE, DE, NL
- ButterUnsalted Lactic Butter 82% F/F max 6 month old€ 4,0008 Sept 2026198 mtOctober – December 2026BE, DE, NL
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.
- 14 Sept 26
The difference, week by week
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
- 08-17
- Spot · 1–3 m€ 3,907
- Mid · 3–6 m€ 4,049
- Far · 6–12 m€ 4,272
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
- 08-17
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
- 08-17
- Spot · 1–3 m€ 3,857
- Mid · 3–6 m€ 3,999
- Far · 6–12 m€ 4,222
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
- 08-17
- Spot · 1–3 m€ 3,316
- Mid · 3–6 m€ 3,482
- Far · 6–12 m€ 3,579
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
- 08-17
- Spot · 1–3 m€ 3,519
- Mid · 3–6 m€ 3,550
- Far · 6–12 m€ 3,625
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
- 08-17
- Spot · 1–3 m€ 3,451
- Mid · 3–6 m€ 3,625
- Far · 6–12 m€ 3,725
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
- 08-17
- Spot · 1–3 m€ 2,925
- Mid · 3–6 m€ 3,050
- Far · 6–12 m€ 3,100
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
- 08-17
- Spot · 1–3 m€ 3,100
- Mid · 3–6 m€ 3,225
- Far · 6–12 m€ 3,275
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.
Butter Unsalted Lactic Butter 82%
- 2026-06
- Offer€ 3,906
- Bid€ 3,825
OfferBid1443 observations Cheese Gouda 48%
- 2026-06
- Offer€ 3,300
- Bid€ 3,100
OfferBid200 observations Cheese Mozzarella 40%
- 2026-06
- Offer€ 3,300
- Bid€ 3,075
OfferBid105 observations Powder Skimmed Milk Powder CODEX
- 2026-06
- Offer€ 2,672
- Bid€ 2,715
OfferBid386 observations
Recent deals, bids and offers
| Side | Channel | Product | Origin | Terms | Period | |||
|---|---|---|---|---|---|---|---|---|
| 18 Sept 2026 | Offer | Via broker | CheeseCheese Mozzarella | € 3,550 | 22 mt | — | — | October 2026 |
| 18 Sept 2026 | Offer | Via broker | CheeseCheese Gouda | € 3,550 | 44 mt | — | — | September 2026 |
| 17 Sept 2026 | Offer | Via broker | CheeseCheese Mozzarella | € 3,580 | 22 mt | — | — | — |
| 17 Sept 2026 | Offer | Via broker | CheeseCheese Mozzarella | € 3,600 | 22 mt | — | — | September 2026 |
| 17 Sept 2026 | Offer | Via broker | CheeseCheese Cheddar Curd | € 3,900 | 66 mt | — | — | October – December 2026 |
| 17 Sept 2026 | Offer | Via broker | CheeseCheese Gouda | € 3,550 | 22 mt | — | — | September 2026 |
| 17 Sept 2026 | Offer | Via broker | CheeseCheese Edam | € 3,620 | 66 mt | — | — | — |
| 17 Sept 2026 | Offer | Via broker | ButterButter lactic fresh/frozen | € 4,050 | 132 mt | — | — | October – December 2026 |
| 17 Sept 2026 | Bid | Via broker | ButterButter lactic fresh/frozen | € 4,175 | 132 mt | — | — | January – March 2027 |
| 17 Sept 2026 | Bid | Via broker | CheeseCheese Mozzarella | € 3,450 | 132 mt | — | — | October – December 2026 |
| 16 Sept 2026 | Offer | Via broker | CheeseCheese Mozzarella | € 3,680 | 66 mt | — | — | October – December 2026 |
| 16 Sept 2026 | Offer | Via broker | CheeseCheese Emmentaler | € 3,700 | 22 mt | — | — | — |
| 16 Sept 2026 | Offer | Via broker | CheeseCheese Gouda | € 3,600 | 22 mt | — | — | October 2026 |
| 16 Sept 2026 | Offer | Via broker | CheeseCheese Edam | € 3,380 | 66 mt | — | — | — |
| 16 Sept 2026 | Offer | Via broker | CheeseCheese Edam | € 3,500 | 22 mt | — | — | September 2026 |
| 16 Sept 2026 | Offer | Via broker | ButterButter lactic fresh/frozen | € 4,475 | 132 mt | — | — | April – June 2027 |
| 16 Sept 2026 | Bid | Via broker | ButterButter lactic fresh/frozen | € 3,975 | 220 mt | — | — | October – November 2026 |
| 15 Sept 2026 | Offer | Via broker | CheeseCheese Mozzarella (Frozen) | € 3,200 | 22 mt | — | — | — |
| 15 Sept 2026 | Offer | Via broker | CheeseCheese Red Cheddar | € 3,825 | 69 mt | — | — | — |
| 15 Sept 2026 | Offer | Via broker | CheeseCheese White Cheddar | € 3,850 | 132 mt | — | — | October – December 2026 |
| 15 Sept 2026 | Offer | Via broker | CheeseCheese Emmentaler | € 3,750 | 44 mt | — | — | October 2026 |
| 15 Sept 2026 | Offer | Via broker | CheeseCheese Gouda | € 3,700 | 22 mt | — | — | October – December 2026 |
| 15 Sept 2026 | Bid | Via broker | CheeseCheese Gouda | € 3,450 | 22 mt | — | — | October 2026 |
| 15 Sept 2026 | Bid | Via broker | CheeseCheese Gouda | € 3,450 | 22 mt | — | — | October 2026 |
| 15 Sept 2026 | Bid | Via broker | CheeseCheese Gouda | € 3,550 | 44 mt | — | — | October 2026 |
| 15 Sept 2026 | Bid | Via broker | ButterButter lactic fresh/frozen | € 3,800 | 220 mt | — | — | September 2026 |
| 15 Sept 2026 | Offer | Via broker | PowderSMP SMP LH Codex, incl std docs | € 3,325 | 100 mt | — | — | October 2026 |
| 15 Sept 2026 | Offer | Via broker | PowderSMP SMP MH Unst. min. 35% as is | € 3,200 | 96 mt | — | — | — |
| 15 Sept 2026 | Offer | Via broker | PowderBMP BMP, 25kg, incl std docs | € 3,300 | 50 mt | — | — | November 2026 |
| 15 Sept 2026 | Deal | Via broker | PowderBMP, fresh, 25kgs, incl std docs | € 3,280 | 48 mt | UK | DAP | November 2026 |
| 14 Sept 2026 | Offer | Via broker | ButterButter lactic fresh/frozen | € 3,900 | 66 mt | — | — | September 2026 |
| 14 Sept 2026 | Bid | Via broker | ButterButter lactic fresh/frozen | € 3,975 | 198 mt | — | — | October – December 2026 |
| 14 Sept 2026 | Bid | Via broker | ButterButter lactic fresh/frozen | € 4,400 | 198 mt | — | — | April – June 2027 |
| 14 Sept 2026 | Bid | Via broker | CheeseCheese Mozzarella | € 3,480 | 44 mt | — | — | October 2026 |
| 11 Sept 2026 | Bid | Via broker | CheeseCheese Cagliata (Tirlan) | € 3,300 | 44 mt | — | — | September – October 2026 |
| 11 Sept 2026 | Bid | Via broker | CheeseCheese Mozzarella | € 3,600 | 22 mt | — | — | October – December 2026 |
| 11 Sept 2026 | Offer | Via broker | CheeseCheese Cagliata (Tirlan) | € 3,500 | 44 mt | — | — | September – October 2026 |
| 11 Sept 2026 | Deal | Via broker | ButterUnsalted Lactic Butter 82% F/F max 6 month old | € 4,430 | 132 mt | BE, DE, NL | FCA NL/DE/BE | April – June 2027 |
| 10 Sept 2026 | Deal | Via broker | PowderSWP, BB, vers, 24maanden shelf life | € 1,825 | 192 mt | FR | FCA Mayenne (fr) | September 2026 |
| 10 Sept 2026 | Deal | Via broker | CheeseMozzarella fresh on Euro or indu pallets | € 3,520 | 22 mt | DE | EXW | — |
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.
© 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.

