'Downward pressure on UK dairy markets' - First Milk announces June milk price drop
First Milk has announced its milk price will reduce by 0.3ppl from June 1.
Alex Black
Alex is business reporter at Farmers Guardian covering areas including commodity prices, imports and exports, property and land across all Load More...
Alex Black
Alex is business reporter at Farmers Guardian covering areas including commodity prices, imports and exports, property and land across all Load More...
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This will take the liquid standard litre for June to 27.45ppl and the manufacturing standard litre to 28.37ppl, both including member premium.
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Jim Baird, vice-chairman and farmer director, said: “Having provided much-needed stability for our members over the last few months on milk price, we unfortunately now need to make this adjustment in light of the downward pressure on UK dairy markets.
“Looking forward, global dairy markets are looking more positive and, with peak largely behind us, the UK milk futures (UKMFE) projections are also indicating an encouraging upward trend.”
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Farmers Guardian and FarmersGuardian.com are trademarks of Farmers Guardian Ltd, a subsidiary of AgriBriefing Ltd.
All material published on FGInsight.com and FarmersGuardian.com is copyrighted © 2019 by AgriBriefing Limited. All rights reserved.
