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."

During the financial year 2023, the annual inflation of milk prices in India was over ***** percent, the highest in comparison to previous years. The inflation of milk price was even higher than annual food inflation rate which is **** percent for the same year.

Milk rose to 17.15 USD/CWT on October 7, 2025, up 0.70% from the previous day. Over the past month, Milk's price has fallen 2.89%, and is down 24.18% 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 October of 2025.

This statistic shows the average annual output price of milk in the United Kingdom from 1994 to 2022, in index format. Since 2000, the output price index of milk has steadily increased, until 2022 when the index price shot up to a peak of 180 points.

View monthly updates and historical trends for US Milk Farm Price Received. from United States. Source: US Department of Agriculture. Track economic data …

The Wholesale Price Index of milk across India during financial year 2024 was over ***. An overall increase in the price index for milk was seen over the years from financial year 2013 in the country.

Graph and download economic data for Producer Price Index by Commodity: Farm Products: Raw Milk (WPU01610102) from Aug 1973 to Aug 2025 about milk, agriculture, commodities, PPI, inflation, price index, indexes, price, and USA.

Dairy Price Index in World decreased to 148.30 Index Points in September from 152.30 Index Points in August of 2025. This dataset includes a chart with historical data for World Dairy Price Index.

The price per unit in the 'Milk Substitutes' segment of the food market worldwide was modeled to stand at **** U.S. dollars in 2024. Between 2018 and 2024, the price per unit rose by **** U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The price per unit will steadily rise by **** U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Milk Substitutes.

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.

The price of milk represents the price of raw, unprocessed milk received by dairy farmers. Raw milk is sold to processors for the manufacturing of final dairy products, such as fluid milk and cream, butter, cheese and powdered milk and cream. Data is sourced and forecasted from the US Department of Agriculture's National Agricultural Statistics Service.

For the fifth year in a row, the global whole fresh milk market recorded growth in sales value, which increased by 4.8% to $825.3B in 2024. The market value increased at an average annual rate of +2.8% from 2012 to 2024; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the global market hit record highs in 2024 and is likely to see gradual growth in the near future.

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

The farm gate price of cow's milk in Ireland increased between the years of 2016 and 2023. From 2016 to 2017, there was a large increase of approximately 30 percent in the farm gate price. In 2023, the farm gate price was over 40 euros per 100 liters.

After five years of growth, the Asia-Pacific whole fresh milk market decreased by -1.7% to $336.1B in 2024. The market value increased at an average annual rate of +3.5% 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 peak level at $341.9B in 2023, and then shrank slightly in the following year.

Get the latest insights on price movement and trend analysis of Raw Milk in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

This table contains 110 series, with data for years 1965 - 1975 (not all combinations necessarily have data for all years), and is no longer being released. This table contains data described by the following dimensions (Not all combinations are available): Geography (10 items: Canada;Prince Edward Island;Nova Scotia;New Brunswick; ...); Type of dairy product sold by farmers (11 items: Cream for butter, sold by farmers;Milk for butter;Milk for cheese;Milk for ice cream mix and concentration; ...).

The FAO Dairy Price Index* was 142.9 points in January 2025. The coronavirus pandemic and the war in Ukraine drove the price of dairy products up throughout 2022. The prices decreased but began to rise again towards the end of 2023. As of August 2025, the index stood at 152.6 points.For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated facts and figures page. For further information about the Russian invasion of Ukraine, please visit our dedicated page on the topic.