Published 26 May 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 May:

  • UK butter prices increased 15% to £4,300/tonne and SMP prices increased by 3% to £1,550/tonne. As a result, AMPE increased by 3.3ppl to 31.0ppl.
  • Mild Cheddar prices increased around £100/tonne compared to April. Whey powder prices increased by 3% while whey butter rose 17%. This resulted in MCVE increasing by 5% (1.5ppl), compared to April.
  • The mild Cheddar price is available from AHDB Dairy on request, please see UK Wholesale Prices for more information. 


May 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.