United Kingdom milk prices and composition of milk - October statistics (published 26 November 2020)
Updated 25 February 2021
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1. 1.1 Key messages
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This release shows the latest information on average farm-gate milk prices, volumes and the butterfat and protein content of UK produced milk.
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The UK average farm-gate milk price for October 2020 is 29.78 pence per litre (ppl). This represents a 2.8% (0.82 ppl) increase on September 2020 and a 1.3% increase on the same month last year. (Figure 1.2).
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Butterfat is up 3.2% on last month at 4.28%. Compared to last year butterfat is 1.0% higher than October 2019. (Figures 1.3a).
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Protein is up 1.5% on last month at 3.44%. Compared to last year protein is unchanged on October 2019. (Figures 1.3b).
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October volumes are 1,213 million litres up 4.2% on September 2020 and 1.7% higher than October 2019. (Figure 1.4).
2. 1.2 United Kingdom farm-gate milk price (pence per litre)
3. 1.3 Average butterfat and protein content of United Kingdom produced milk
3.1 1.3a. Butterfat %
3.2 1.3b. Protein %
4. 1.4 United Kingdom wholesale milk production (million litres)
5. 1.5 Percentage change in key items: October 2020 compared to October 2019
6. 1.6 Trends
Figures 1.2 to 1.4 above show the values for the latest 12 months along with the maximum and minimum monthly values. There is a strong positive correlation between milk composition (butterfat and protein content) and milk price.
7. 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.
8. 1.8 Revisions and estimates
UK volume data for September has changed to 1,163 million litres.
England and Wales survey response in October was 96%. Northern Ireland data for October 2020 is an estimate.
8.1 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 23rd December 2020.
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