Forward market performance (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 indicates that the FMP calculations suggest that the milk price trend has turned downwards as from September 2017, and sharply down from October.

Please note that the price in ppl is my estimate, and not that of AHDB.  It is based on an exchange rate of €1=89p.  As always, 2 ppl needs deducting to account for transport etc. costs, from any AMPE based price.

For more information please contact your local FCG office or Charles Holt at charlesholt@fcgagric.com