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UK Farming Statistics

08 October 2015

UK Farming and Food Brief - September 2015UK Farming and Food Brief - September 2015

UK Farming Statistics

Food prices continue to fall

Year on year food prices have continued to fall, with an annual rate of inflation of -2.4% in the year to August 2015, according to official figures released on 15th September 2015. General inflation is 0.0%, down from 0.1% in July.

Sharp Decline in Winter Wheat price

The August 2015 average price for Hard Red winter wheat was $216 per tonne, which was a 37% decline from the May 2014 average price of $342 as markets react to the latest harvest information. The 2014 and 2015 decline in prices has been steeper than that seen in 2013 when prices of Hard Red winter wheat fell from $330 in May to $311 in June. Soft Red winter wheat followed a similar pattern and is 28% lower than the May 2014 average price. 

Milk volumes and prices

The provisional volume of wholesale milk delivered to UK dairies during August 2015 was 1.2 billion litres, 1.8% (20.8m litres) higher than in August 2014. UK average farm gate price for milk fell 0.2p per litre in August to 23.26p per litre, a 7.8 pence per litre (25%) fall on the August 2014 price.

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