FMP is AHDB’s market indicator for future milk prices, based on AMPE and futures contracts for butter and SMP. The table above shows that the price predicted by this analysis is now increasing again from August 2020. As always, the absolute figures must not be used as predictions, but as a guide to general trends. Note that the price in ppl is my estimate, not that of AHDB. It is based on an exchange rate of €1=89p (I keep it stable for this purpose). Remember also that 2ppl (approx.) needs deducting for transport and other costs, from any AMPE based price.
Please contact Charles at firstname.lastname@example.org or your local FCG office, if you would like more information.