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- Milk price means a producer’s average gross pay per hundredweight less hauling charges, calculated for a pay period according to s. ATCP 100.30 (9).
www.lawinsider.com/dictionary/milk-price
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Jun 27, 2013 · Monthly UK averages of the farm-gate price and butterfat and protein content of milk delivered to dairies.
Welcome to milkprices.com our website dedicated to keeping members better informed on changes to UK farmgate milk prices. With our straightforward user-friendly layout keeping in touch with the latest UK milk price developments couldn't be more simple.
Jun 22, 2023 · Four pints: from £1.65 to £1.55. Here’s what you need to know about the price of milk. Why have milk prices been rising? Oil and gas have been in greater demand as life returned to normal...
- Charlie Duffield
- 1.1 Key messages
- 1.6 Trends
- 1.7 Retrospective payments
- 1.8 Revisions and estimates
•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 October 2023 is 37.03 pence per litre (ppl). This represents a 1.7% (0.60 ppl) increase on September 2023 and a 27% decrease on the same month last year. (Figure 1.2).
•Butterfat increased 2.9% from last month at 4.30%. Compared to last year, butterfat is 0.5% lower than October 2022. (Figures 1.3a).
•Protein increased 2.7% from last month at 3.51%. Compared to last year, protein is 1.1% higher than October 2022. (Figures 1.3b).
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 generally a strong positive correlation between milk composition (butterfat and protein content) and milk price.
Farm-gate milk prices reached record highs in 2022, peaking at 51.6ppl in December 2022.
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.
1.9 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 25th January 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 Back to top
Jul 23, 2012 · Currently, normal supermarket prices range from 89p to £1. As the row over the price of milk continues, here is a breakdown of what is happening and why.
Apr 20, 2023 · Prices hit 95p a pint before the “spring flush” – higher milk supply generated from cows newly released into pasture – prompted supermarkets to make a 5p price cut last week. There’s a clearly intelligible story about why milk prices have risen: inflationary pressures have emerged from multiple sources.
Jun 21, 2024 · Milk is essentially an emulsion of fat and protein in water, along with dissolved sugar ( carbohydrate ), minerals, and vitamins. These constituents are present in the milk of all mammals, though their proportions differ from one species to another and within species. ( See Table.)
