Cheaper milk: Aldi, Lidl & Asda latest to cut price of milk by at least 5p - how much does it cost now

Customers now have access to cheaper milk after giant supermarkets Aldi, Lidl, and Asda joined their rivals Sainsbury’s and Tesco in cutting its price for the item by at least 5p. This means a pint of milk at the supermarkets now costs 90p, in their effort to match other food stores.

Despite the drop in prices, milk still costs more than double the average price before Covid, when it only cost 43p in March 2020, according to official data. All five supermarkets have also confirmed the reductions in price will not affect how much they pay farmers.

Tesco, which dropped the price of milk for the first time since May 2020 on Tuesday (April 12), said it made the decision because its costs for buying milk had fallen. Meanwhile, Asda said that it had taken "swift action to reduce the price of milk as commodity prices have eased".

Arla, the UK’s largest dairy producer, said in March that the price of milk was already expected to fall by around 5.3p per litre this month because of rising supplies and falling demand from cost-conscious shoppers.