June milk prices climb while global dairy trade falls

Producers supplying the Co-op Dairy Group through Muller will receive a farmgate milk price of 41.18p/litre from 1 June.

This is a 1.07p/litre rise for Muller Co-op-aligned suppliers based off a standard liquid litre consisting of 4% butterfat and 3.3% protein.

Prices are up by 10.75p/litre compared to the same month last year.

See also: How a dairy project aims to increase farm soil carbon by 25%

Glanbia Cheese

Cheshire-based processor Glanbia is offering a 2p/litre price increase from 1 June.

This will bring its manufacturing standard litre price with 4.2% butterfat and 3.4% protein to 42p/litre.

This is equivalent to a 13p/litre price rise compared to June 2021.

May price for Wensleydale

Wensleydale Creamery increased its manufacturing standard litre price from 1 May to 41.71p/litre.

Producers supplying the Yorkshire-based cheesemaker will receive a 2.67p/litre price rise for a 4.2% butterfat and 3.4% protein to 42p/litre, according to milkprices.com.

A liquid standard litre made up of 4% butterfat and 3.3% protein rose  to 40.34p/litre, up  by 2.58p/litre for the month.

Market price rises

During the first three months of 2022, GB milk price increases averaged 3.7p/litre, according to the AHDB.

Further price movements have continued throughout the first half of 2022, with processors and retailers trying to support the sector as on-farm costs rise.

Patty Clayton, lead analyst at the AHDB, said: “While higher market returns will be part of the reason for the rising farmgate prices, it’s likely that milk price changes are being fast-tracked by milk buyers to ensure sufficient cashflow on farms to stem any further reductions in milk production.”