'Dairy markets appear to be fairly stable' - First Milk to hold December milk price

This means the processor’s liquid standard litre price for November will remain at 27.00 ppl and its manufacturing standard litre will remain at 27.90 ppl, both including its member premium.

Jim Baird, farmer director and vice-chairman, said: “Some of the short-term market uncertainty has been removed as the risk of a no-deal Brexit has reduced in the short-term.

"Dairy commodity markets also appear to be fairly stable, with global milk production fairly static compared to last year and a steady global dairy demand.

“We will, of course, continue to work to return as much value as we can for our members in the months ahead.”