After almost three months of sustained high dairy commodity prices, farmgate milk prices are finally starting to reflect the record-breaking values of butter and cream.
Some processors had initially been slow to return sky-rocketing prices for fats, but many have upped the price they pay for milk, with the UK average now edging towards the 30p/litre mark for September.
See also: All the latest milk price news
The UK milk futures equivalent (UKMFE), an indicator of future dairy ingredient returns to the farmgate, predicted August could see prices close to the all-time record UKMFE gross of 39.82p/litre (before transport and processor margin), last seen in August 2013.
Latest price movements
(Manufacturing: 4.2% butterfat and 3.4% protein. Liquid: 4% butterfat and 3.3% protein)
- Arla: (Up) 0.81p/litre to 29.98p/litre from 1 August (manufacturing)
- Yew Tree Dairy: (Up) 1.5p/litre to 29p/litre from 14 August (liquid)
- Meadow Foods A-price: (Up) 0.85p/litre to 29p/litre from 1 September (liquid)
- Dairy Crest: (Up) 1p/litre to 29p/litre from 1 September (manufacturing)
- Paynes: (Up) 1p/litre to 28.45p/litre from 1 August (liquid)
- Freshways: (Up) 1.276p/litre to 28.4p/litre from 1 August (liquid). Guaranteed minimum increase of 0.6p/litre from 1 September