FMP is AHDB’s market indicator which tracks the difference between current market prices and prices of the small amount of dairy product traded on futures contracts.  The table below shows that FMP still indicates that the trend of milk price is slightly upwards.  But it’s pretty marginal now.

The predicted May price is 31.26 ppl.  This is before the usual estimated transport cost of around 2 ppl, which always applies in these metrics.  Please note that the prices expressed in ppl are my estimate, as AHDB do not do this.  This is further evidence that we have possibly reached a bit of a peak, or a plateau?  Prices may well be about to creep up again in March, but it really is just a creep.

To discuss milk prices and milk contract options, contact Charles at charlesholt@fcgagric.com or your local FCG office.