Milk price changes

Updated 02 May 2024

The latest publicly announced milk price changes as reported by the processors.

May milk prices mostly steady to firm

Retailer aligned contracts had variable price changes during the month of May. Tesco made the largest announcement of the month, dropping their price by 0.60ppl. Conversely, Co-op increased their prices by 0.12ppl while Sainsbury and M&S held on to their prices. The weather will be an important watch point in the coming days. Considering the current wet and cold weather scenario, the most likely outcome is for an underwhelming Spring flush which could downgrade expectations for milk availability.

On non-aligned liquid contracts, all members of the AHDB league table held their prices meaning no change for Crediton, Freshways, Muller Direct and Paynes Dairies.

Cheese contracts mostly held steady or edged upwards as cheese processors are nervous about milk flows. Barbers increased their price by 0.50ppl for the second consecutive month. First Milk made an announcement of price increase of 0.75ppl. This is the fourth consecutive month of price increase in a row. South Caernarfon Creameries increased their prices for four consecutive months and prices increased by 1.00ppl in May. Meanwhile Belton, Leprino Foods, Lactalis and Wyke Farms held on to their prices and Saputo has been holding steady for the last three months.

There were few announcements on manufacturing contracts this month. Pattemores Dairy Ingredients held onto their price from April while UK Arla Farmers made the only price increase of the month, up 0.43ppl.

The milk price changes may not be fully reflected in the AHDB League Table.

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