Review of Dairy Market Indicators (AMPE and MCVE) for DEFRA
Awarded 01 Jan 2025
About
The Department for Environment, Food & Rural Affairs awarded a contract to Dr Ken Burgess for a review of dairy market indicators, specifically the Actual Milk Price Equivalent (AMPE) and Milk for Cheese Value Equivalent (MCVE).
The review aimed to update these indicators to ensure they remain representative of UK processor costs and yields, which change over time due to factors such as economies of scale, efficiency improvements, and energy source shifts.
The contract, valued at £25,100, sought to establish how costs and yields have changed and to provide updated representative figures, with conclusions reported in spring 2025.
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