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Market data

Weekly quotationsQuotation

The German, French and Dutch commission quotations, published in full every week, with our own average of the three. Free to read, no registration, no delay — the same sheet the desk works from.

Quotation week
2 Sept 2026
Quoted in
EUR / mt

Physical quotations

Germany, France and the Netherlands

Butter

€ 4,17034+0.8%

Germany
€ 4,15000.0%
France
€ 4,34081+1.9%
Netherlands
€ 4,02020+0.5%

SMP

€ 3,133124+4.1%

Germany
€ 3,178128+4.2%
France
€ 3,04092+3.1%
Netherlands
€ 3,180150+5.0%

Whey

€ 1,58095+6.4%

Germany
€ 1,585100+6.7%
France
€ 1,55493+6.4%
Netherlands
€ 1,60090+6.0%

WMP

€ 3,746112+3.1%

Germany
€ 3,800115+3.1%
France
€ 3,717111+3.1%
Netherlands
€ 3,720110+3.0%

Source: the German, French and Dutch commission quotations. The average is our own unweighted mean of the three.

Executed against quoted

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.

ExecutedQuotation

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 archive

The year behind this week's sheet

Every weekly sheet in the archive, in full: one line per country with the three-country average on top. Euro per metric tonne, week by week.

Period

Butter

€ 3,998€ 3,998€ 5,300€ 5,300€ 6,602€ 6,6023 Sept 2512 Nov 2528 Jan 268 Apr 2625 Jun 262 Sept 26
2 Sept 26
Three-country average€ 4,170
Germany€ 4,150
France€ 4,340
Netherlands€ 4,020
GermanyFranceNetherlandsThree-country average

SMP

€ 2,048€ 2,048€ 2,565€ 2,565€ 3,082€ 3,0823 Sept 2512 Nov 2528 Jan 268 Apr 2625 Jun 262 Sept 26
2 Sept 26
Three-country average€ 3,133
Germany€ 3,178
France€ 3,040
Netherlands€ 3,180
GermanyFranceNetherlandsThree-country average

Whey

€ 924€ 924€ 1,233€ 1,233€ 1,541€ 1,5413 Sept 2512 Nov 2528 Jan 268 Apr 2625 Jun 262 Sept 26
2 Sept 26
Three-country average€ 1,580
Germany€ 1,585
France€ 1,554
Netherlands€ 1,600
GermanyFranceNetherlandsThree-country average

WMP

€ 3,098€ 3,098€ 3,610€ 3,610€ 4,122€ 4,1223 Sept 2512 Nov 2528 Jan 268 Apr 2625 Jun 262 Sept 26
2 Sept 26
Three-country average€ 3,746
Germany€ 3,800
France€ 3,717
Netherlands€ 3,720
GermanyFranceNetherlandsThree-country average

How to read this

What is quoted, and what is worked out

Only the euro quotations are entered. Everything else on this page — the three-country average and the change against 26 Aug 2026 — is calculated from them and checked against the published sheet before it goes live. Everything is quoted in euro per metric tonne, as it settles. Where a change reads 0.0% the quotation did not move, not that we lack the number.