Accredited official statistics

United Kingdom milk prices and composition of milk statistics notice - March 2024 statistics (published 25 April 2024)

Updated 24 October 2024

© Crown copyright 2024

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This publication is available at https://www.gov.uk/government/statistics/historical-statistics-notices-on-uk-milk-prices-and-composition-of-milk-2024/united-kingdom-milk-prices-and-composition-of-milk-statistics-notice-march-2024-statistics-published-25-april-2024

1.1 Key messages

  • This release shows the latest information on average farm-gate milk prices, volumes and the butterfat and protein content of UK produced milk.

  • The UK average farm-gate milk price for March 2024 is 37.42 pence per litre (ppl). This represents a 1.5% (0.57 ppl) decrease on February 2024 and a 14% decrease on the same month last year. (Figure 1.2).

  • Butterfat increased 0.7% from last month at 4.30%. Compared to last year, butterfat is 0.8% lower on March 2023. (Figures 1.3a).

  • Protein decreased 0.4% from last month at 3.41%. Compared to last year, protein is 0.8% higher than March 2023. (Figures 1.3b).

  • March volumes are 1,322 million litres, up 12% on February 2024 and unchanged on March 2023. (Figure 1.4).

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

1.3 Average butterfat and protein content of United Kingdom produced milk

1.3a. Butterfat %

1.3b. Protein %

1.4 United Kingdom wholesale milk production (million litres)

1.5 Percentage change in key items: March 2024 compared to March 2023

Item Percentage change
Milk price -14.2
Milk volume 0.0
Butterfat -0.8
Protein 0.8

Figures 1.2 to 1.4 above show the values for the latest 12 months along with the five year average, maximum and minimum monthly values.

1.7 Retrospective payments

Some companies make retrospective bonus payments. We do not reflect these payments in the monthly milk price figures. The annual average price for farm-gate milk in 2019, including retrospective payments, is 29.10 ppl, 0.23 ppl more than the annual average price without retrospective payments (28.87 ppl). In 2019 total retrospective payments were 2.0% lower than 2018 at £34.7 million.

A retrospective payment is when a company makes a payment to a farmer that is outside the normal contract price they receive and is generally paid on prior production, for example profit sharing.

1.8 Revisions and estimates

England and Wales survey response in March was 88%.

1.9 National Statistics status

National Statistics status means that our statistics meet the highest standards of trustworthiness, quality and public value, and it is our responsibility to maintain compliance with these standards. The statistics last underwent a full assessment Assessment Report 271 Statistics on Agriculture against the Code of Practice for Statistics in 2014 Since the latest review by the Office for Statistics Regulation, we have continued to comply with the Code of Practice for Statistics and have enhanced data quality by reviewing methodologies and data sources. The next update of this monthly notice is at 09:30 on 30th May 2024.

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

email: julie.rumsey@defra.gov.uk

Defra, Rm 201,
Foss House,
Kings Pool,
1-2 Peasholme Green,
York,
YO1 7PX

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