United Kingdom milk prices and composition of milk: October 2022 & More Trending News

 

1.1 Key messages

  • This launch reveals the most recent data on common farm-gate milk prices, volumes and the butterfat and protein content material of UK produced milk.

  • The UK common farm-gate milk worth for October 2022 is 50.44 pence per litre (ppl). This represents a 3.4% (1.64 ppl) improve on September 2022 and a 54% improve on the identical month final 12 months. (Figure 1.2).

  • Butterfat elevated 2.8% from final month at 4.32%. Compared to final 12 months, butterfat is 0.2% greater than October 2021. (Figures 1.3a).

  • Protein elevated 2.8% from final month at 3.48%. Compared to final 12 months,
    protein is 1.9% greater than October 2021. (Figures 1.3b).

  • October volumes are 1,222 million litres, up 5.6% on September 2022 and 2.2% greater than October 2021. (Figure 1.4).

1.2 United Kingdom farm-gate milk worth (pence per litre)

United Kingdom farm-gate milk price (pence per litre)

1.3 Average butterfat and protein content material of United Kingdom produced milk

1.3a. Butterfat %

a.	Butterfat %

1.3b. Protein %

b.	Protein %

1.4 United Kingdom wholesale milk manufacturing (million litres)

United Kingdom wholesale milk production (million litres)

1.5 Percentage change in key gadgets: October 2022 in comparison with October 2021

Item Percentage change
Milk worth 54.4
Milk quantity 2.2
Butterfat 0.2
Protein 1.9

Figures 1.2 to 1.4 above present the values for the most recent 12 months together with the utmost and minimal month-to-month values. There is a typically a powerful constructive correlation between milk composition (butterfat and protein content material) and milk worth. However, within the final 12 months, milk prices have regularly risen and are on the highest degree seen within the time sequence.

1.7 Retrospective funds

Some firms make retrospective bonus funds. We don’t replicate these funds within the month-to-month milk worth figures. The annual common worth for farm-gate milk in 2019, together with retrospective funds, is 29.10 ppl, 0.23 ppl greater than the annual common worth with out retrospective funds (28.87 ppl). In 2019 whole retrospective funds have been 2.0% decrease than 2018 at £34.7 million.

A retrospective cost is when an organization makes a cost to a farmer that’s exterior the traditional contract worth they obtain and is mostly paid on prior manufacturing, for instance revenue sharing.

1.8 Revisions and estimates

UK quantity knowledge for September has modified to 1,157 million litres.

England and Wales survey response in September was 86%.

1.9 National Statistics standing

National Statistics standing signifies that our statistics meet the best requirements of trustworthiness, high quality and public worth, and it’s our accountability to keep up compliance with these requirements.
The statistics final underwent a full evaluation Assessment Report 271 Statistics on Agriculture
in opposition to the Code of Practice for Statistics in 2014
Since the most recent evaluation by the Office for Statistics Regulation, we now have continued to adjust to the Code of Practice for Statistics and have enhanced knowledge high quality by reviewing methodologies and knowledge sources.
The subsequent replace of this month-to-month discover is at 09:30 on fifth January 2023.

Enquiries to: Julie Rumsey, Tel: +44 (0) 208 026 6306

electronic mail: [email protected]

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United Kingdom milk prices and composition of milk: October 2022

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