Though it’s still not cost effective (or very logical) to bathe or do your laundry with milk, in Germany, if you’re looking for a bottled drink, a liter of milk might cost you less than a liter of bottled water thanks to a collapsing dairy market in the European power.
A number of factors have caused Germany’s plunging milk prices. According to The Local, the EU ended quotas on milk production last year, leading to increased production across the entire union. Meanwhile, as Munchies points out, the potential for exporting milk has also dwindled with Russia banning Western imports and Chinese demand decreasing. Not to mention that the euro in general has been weak.
The result is that, this month, well-known discount grocer Aldi cut milk prices to just 46 cents for a liter, down from the previous cost of 59 cents. By comparison, according the Bureau of Labor Statistics, a gallon of whole milk cost $3.16 last month in the US – or about 83 cents per liter.