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First Milk announces 1ppl milk price drop for February

The supplier said the reduction came following a ‘downward pressure’ in global commodity dairy markets.


Lauren   Dean

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Lauren   Dean
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First Milk announces 1ppl price drop for February #teamdairy

First Milk has today (January 16) announced a milk price drop of 1ppl for February.

 

The supplier blamed the reduction on the ‘downward pressure in global commodity dairy markets in recent months’.

 

Jim Baird, First Milk vice-chairman and farmer director said: “Improvements in First Milk’s business performance meant that we could delay a milk price reduction for January.

 

“Recent market developments will affect our customer pricing mechanisms, however, and we can only pay a milk price linked to our returns.

 

“We understand that this will be disappointing news for our members and remain completely committed to doing everything we can to reduce the impact of decreases in the market through our focus on quality and efficiency throughout our business, and through the development of our strong relationships with customers.

 

“Working together, we will deliver competitive returns to our members.”


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