The co-operative said it would go some way to help offset farmers’ extra costs from the hot weather
First Milk has announced a price increase of 0.8ppl from August 1.
It takes the First Milk price on a liquid standard litre to 28ppl, whilst the manufacturing standard litre will be 28.95ppl.
Jim Baird, Vice Chairman and farmer director, said: “This increase will be welcomed by members and will go some way towards helping to offset the additional costs caused by the continued hot weather.
“There have been two key changes in recent weeks affecting the dairy markets - the hot and dry weather is bringing some uncertainty over UK and European milk production, and, although still relatively strong, markets have shown signs of weakening in the last six weeks.
“As always, we remain focused on maximising member milk price and delivering the best returns we can.”