How much is a gallon of milk? In 2024, the average retail price of whole fortified milk in the United States was *** U.S. dollars, which was a decrease from the previous year. Milk production Dairy farming is an agricultural business which is engaged in the long-term milk production within the dairy industry. Dairy farming is a large contributor to the overall economy in many states. California, Wisconsin, and Idaho had the highest milk supply in 2022. Continuing the trend of each year breaking the record for milk production, an estimated ***** billion pounds of milk were produced in 2023. Milk consumption Since 2011, there has been a steady decline in milk consumption in the United States, with just **** liters consumed per capita compared to **** in 2011. This could be explained by consumers’ increasing shift towards plant-based dairy alternatives. In 2019, ** percent of consumers consumed soy products at least once a week, up from ** percent in 2010.

Fresh whole milk, fortified, sold per gallon regardless of packaging type. Includes organic and non-organic milk."

Milk rose to 17.38 USD/CWT on July 15, 2025, up 0.06% from the previous day. Over the past month, Milk's price has fallen 7.16%, and is down 12.04% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Milk - values, historical data, forecasts and news - updated on July of 2025.

This graph depicts the Consumer Price Index (CPI) of dairy products and eggs in France from May 2020 to December 2024. In May 2020, the CPI reached 103.72, while in December 2024, it had increased, reaching 131.51.

Fresh whole milk, fortified, sold per gallon regardless of packaging type. Includes organic and non-organic milk."

In 2024, the producer price index for milk in Germany was *****. This means that prices had increased by around ** percent compared to the index year of 2024.

In financial year 2024, the Farmgate milk price for milk supplied to Fonterra was **** New Zealand dollars per kilogram of milk solid. This was a decrease from the previous year, in which the Farmgate milk price was **** New Zealand dollars per kilogram of milk solid. Fonterra Co-operative Group Limited Fonterra is a prominent dairy cooperative based in New Zealand and is one of the largest dairy companies in the world. In 2020, Fonterra secured the third position among the top 20 global dairy corporations, as measured by their market share percentage of worldwide milk production. Over the years, the company has played a pivotal role in New Zealand's economy, contributing significantly to the nation's dairy exports. In 2024, Fonterra's sales revenue declined slightly compared to the previous year. Dairy industry in New Zealand New Zealand has a thriving dairy export industry, with dairy products being a significant contributor to the country's economy. During the financial year 2024, New Zealand's dairy industry export revenue reached **** billion New Zealand dollars. Key dairy exports from New Zealand include fluid milk, butter, cheese, and milk powder, with many products finding markets in Asia, particularly China. The industry has faced challenges related to price fluctuations and international trade dynamics, but it continues to be a vital sector in New Zealand's agricultural and export landscape.

Northeast Area Milk Prices: 6 years of historical data from 2018 to 2024.

For the fifth consecutive year, the global whole fresh milk market recorded growth in sales value, which increased by 5% to $826.8B in 2024. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2024; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked in 2024 and is likely to continue growth in the near future.

Fresh low fat, reduced fat, or skim milk, sold per gallon, regardless of packaging type. Include organic and non-organic milk.

Average consumer prices are calculated for household fuel, motor fuel, and food items from prices collected for the Consumer Price Index (CPI). Average prices are best used to measure the price level in a particular month, not to measure price change over time. It is more appropriate to use CPI index values for the particular item categories to measure price change.

Prices, except for electricity, are collected monthly by BLS representatives in the 75 urban areas priced for the CPI. Electricity prices are collected for the BLS for the same 75 areas on a monthly basis by the Department of Energy using mail questionnaires. All fuel prices include applicable Federal, State, and local taxes; prices for natural gas and electricity also include fuel and purchased gas adjustments.

For more information, please visit the Bureau of Labor Statistics (https://www.bls.gov/cpi/factsheets/average-prices.htm).

Monthly average retail prices for selected products, for Canada and provinces. Prices are presented for the current month and the previous four months. Prices are based on transaction data from Canadian retailers, and are presented in Canadian current dollars.

Dairy Price Index in World increased to 154.40 Index Points in June from 153.60 Index Points in May of 2025. This dataset includes a chart with historical data for World Dairy Price Index.

China Consumer Price Index (CPI): Food: Milk & Its Product data was reported at 98.400 Prev Year=100 in 2024. This records a decrease from the previous number of 100.400 Prev Year=100 for 2023. China Consumer Price Index (CPI): Food: Milk & Its Product data is updated yearly, averaging 101.000 Prev Year=100 from Dec 1994 (Median) to 2024, with 31 observations. The data reached an all-time high of 133.500 Prev Year=100 in 1994 and a record low of 98.400 Prev Year=100 in 2024. China Consumer Price Index (CPI): Food: Milk & Its Product data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under Global Database’s China – Table CN.IA: Consumer Price Index.

The price of cow's milk in Poland has fluctuated over the period observed. In 2024, the average cost of milk per one liter amounted to ***********

In 2024, the Azerbaijani milk market increased by 0.4% to $1.7B, rising for the ninth year in a row after two years of decline. In general, consumption, however, recorded a slight expansion. As a result, consumption reached the peak level of $1.8B. From 2014 to 2024, the growth of the market remained at a lower figure.

Australia Producer Price: Milk: Producer Price: Weighted Average data was reported at 72.000 0.01 AUD/l in 2024. This records a decrease from the previous number of 74.800 0.01 AUD/l for 2023. Australia Producer Price: Milk: Producer Price: Weighted Average data is updated yearly, averaging 27.068 0.01 AUD/l from Jun 1962 (Median) to 2024, with 63 observations. The data reached an all-time high of 74.800 0.01 AUD/l in 2023 and a record low of 5.200 0.01 AUD/l in 1962. Australia Producer Price: Milk: Producer Price: Weighted Average data remains active status in CEIC and is reported by Australian Bureau of Agricultural and Resource Economics and Sciences. The data is categorized under Global Database’s Australia – Table AU.P002: Agricultural Commodity Prices.

After four years of growth, the Asian whole fresh milk market decreased by -1.7% to $353.4B in 2024. The market value increased at an average annual rate of +3.6% over the period from 2012 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $359.6B in 2023, and then dropped slightly in the following year.

Between 2014 and 2024, the average producer price of milk in Finland fluctuated. In 2024, the average producer price was approximately ***** cents per liter.