The company said the price is based on the expectation that milk prices of most reference companies in August will continue to decline.
The guaranteed price for August 2015 includes a correction of around €0.54 to compensate for the June forecast of the milk prices of the reference companies, which were estimated too high.
Persistently high milk supply after the abolition of the milk quota on April 1, 2015 and the sluggish demand for dairy products from the dairy-importing countries keeps the quotations of dairy products under pressure, the company said.
The protein price in August 2015 is €465.23, the fat price is €232.62 and the lactose price is €46.52/100kg.
For more information about FrieslandCampina's guaranteed milk price visit their website