Published 27 November 17

Actual Milk Price Equivalent (AMPE*) & Milk for Cheese Value Equivalent (MCVE*)

AHDB Dairy publish the market indicators for the dairy sector to provide broad, general estimates of market returns. The value of market indicators is as a basis for identifying trends and to use them for more precise purposes goes beyond the limits of their scope and accuracy.

Monthly values for September:

  • Prices for butter and SMP both fell on UK spot markets in November by 11% and 6% respectively. The impact of these changes was to reduce AMPE by 3.5ppl (11%) to 29.2ppl, the lowest it has been since the spring flush.
  • Mild cheddar prices decreased by £100/tonne on average from October values while whey powder and butter prices decreased by 11% and 12%. This resulted in MCVE falling another 5% in October.


November 2017

1 Month Before

12 Months previously









Note: ppl change and percentage difference may differ due to rounding



*AMPE and MCVE calculations do not include the cost of transport of milk to the dairy. According to a 2014 survey of members of Dairy UK, the range of transport costs that can be encountered in the UK dairy industry are from 0.9ppl to 4.8ppl. The lower limit typically applies to purchasers with compact milk fields with larger farmers, while purchasers with geographically dispersed milk fields and smaller, less accessible farmers pay up to 2.4ppl on average. For some individual collection routes that involve reloading costs, transport costs can be as high as 4.8ppl.

For more information on how these market indicators were created, please click on the links on the right hand side.