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
20222026
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
3,4607,350
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.

  • PowderBMP, fresh, 25kgs, incl std docs3,28015 Sept 202648 mtNovember 2026UK
  • ButterUnsalted Lactic Butter 82% F/F max 6 month old4,43011 Sept 2026132 mtApril – June 2027BE, DE, NL
  • PowderSWP, BB, vers, 24maanden shelf life1,82510 Sept 2026192 mtSeptember 2026FR
  • CheeseMozzarella fresh on Euro or indu pallets3,52010 Sept 202622 mtDE
  • ButterUnsalted Lactic Butter 82% Frozen 10kg3,9008 Sept 202622 mtSeptember 2026DK
  • ButterUnsalted Lactic Butter 82% F/F max 6 month old3,8508 Sept 202622 mtSeptember 2026BE, DE, NL
  • ButterUnsalted Lactic Butter 82% F/F max 6 month old4,0008 Sept 202666 mtOctober – December 2026BE, DE, NL
  • ButterUnsalted Lactic Butter 82% F/F max 6 month old4,0008 Sept 2026198 mtOctober – December 2026BE, DE, NL
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
3,801/t3,801/t4,881/t4,881/t5,960/t5,960/t22 Sept 2522 Dec 2523 Mar 2622 Jun 26
14 Sept 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
18 Sept 2026OfferVia brokerCheeseCheese Mozzarella3,55022 mtOctober 2026
18 Sept 2026OfferVia brokerCheeseCheese Gouda3,55044 mtSeptember 2026
17 Sept 2026OfferVia brokerCheeseCheese Mozzarella3,58022 mt
17 Sept 2026OfferVia brokerCheeseCheese Mozzarella3,60022 mtSeptember 2026
17 Sept 2026OfferVia brokerCheeseCheese Cheddar Curd3,90066 mtOctober – December 2026
17 Sept 2026OfferVia brokerCheeseCheese Gouda3,55022 mtSeptember 2026
17 Sept 2026OfferVia brokerCheeseCheese Edam3,62066 mt
17 Sept 2026OfferVia brokerButterButter lactic fresh/frozen4,050132 mtOctober – December 2026
17 Sept 2026BidVia brokerButterButter lactic fresh/frozen4,175132 mtJanuary – March 2027
17 Sept 2026BidVia brokerCheeseCheese Mozzarella3,450132 mtOctober – December 2026
16 Sept 2026OfferVia brokerCheeseCheese Mozzarella3,68066 mtOctober – December 2026
16 Sept 2026OfferVia brokerCheeseCheese Emmentaler3,70022 mt
16 Sept 2026OfferVia brokerCheeseCheese Gouda3,60022 mtOctober 2026
16 Sept 2026OfferVia brokerCheeseCheese Edam3,38066 mt
16 Sept 2026OfferVia brokerCheeseCheese Edam3,50022 mtSeptember 2026
16 Sept 2026OfferVia brokerButterButter lactic fresh/frozen4,475132 mtApril – June 2027
16 Sept 2026BidVia brokerButterButter lactic fresh/frozen3,975220 mtOctober – November 2026
15 Sept 2026OfferVia brokerCheeseCheese Mozzarella (Frozen)3,20022 mt
15 Sept 2026OfferVia brokerCheeseCheese Red Cheddar3,82569 mt
15 Sept 2026OfferVia brokerCheeseCheese White Cheddar3,850132 mtOctober – December 2026
15 Sept 2026OfferVia brokerCheeseCheese Emmentaler3,75044 mtOctober 2026
15 Sept 2026OfferVia brokerCheeseCheese Gouda3,70022 mtOctober – December 2026
15 Sept 2026BidVia brokerCheeseCheese Gouda3,45022 mtOctober 2026
15 Sept 2026BidVia brokerCheeseCheese Gouda3,45022 mtOctober 2026
15 Sept 2026BidVia brokerCheeseCheese Gouda3,55044 mtOctober 2026
15 Sept 2026BidVia brokerButterButter lactic fresh/frozen3,800220 mtSeptember 2026
15 Sept 2026OfferVia brokerPowderSMP SMP LH Codex, incl std docs3,325100 mtOctober 2026
15 Sept 2026OfferVia brokerPowderSMP SMP MH Unst. min. 35% as is3,20096 mt
15 Sept 2026OfferVia brokerPowderBMP BMP, 25kg, incl std docs3,30050 mtNovember 2026
15 Sept 2026DealVia brokerPowderBMP, fresh, 25kgs, incl std docs3,28048 mtUKDAPNovember 2026
14 Sept 2026OfferVia brokerButterButter lactic fresh/frozen3,90066 mtSeptember 2026
14 Sept 2026BidVia brokerButterButter lactic fresh/frozen3,975198 mtOctober – December 2026
14 Sept 2026BidVia brokerButterButter lactic fresh/frozen4,400198 mtApril – June 2027
14 Sept 2026BidVia brokerCheeseCheese Mozzarella3,48044 mtOctober 2026
11 Sept 2026BidVia brokerCheeseCheese Cagliata (Tirlan)3,30044 mtSeptember – October 2026
11 Sept 2026BidVia brokerCheeseCheese Mozzarella3,60022 mtOctober – December 2026
11 Sept 2026OfferVia brokerCheeseCheese Cagliata (Tirlan)3,50044 mtSeptember – October 2026
11 Sept 2026DealVia brokerButterUnsalted Lactic Butter 82% F/F max 6 month old4,430132 mtBE, DE, NLFCA NL/DE/BEApril – June 2027
10 Sept 2026DealVia brokerPowderSWP, BB, vers, 24maanden shelf life1,825192 mtFRFCA Mayenne (fr)September 2026
10 Sept 2026DealVia brokerCheeseMozzarella fresh on Euro or indu pallets3,52022 mtDEEXW

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.