Prices will increase by at least 0.5ppl from November 1
First Milk has announced member milk prices will increase by at least 0.5ppl across all milk pools from November 1.
Prices for the Harverford West and Lake District pools will increase by 0.52ppl in November to 30.57ppl and 30.45ppl with a 0.5ppl increase for Midlands and East Wales and Scotland pools to 29.40ppl and 29.09ppl.
Nigel Evans, vice chairman and farmer director, said: “The returns from the milk market continue to strengthen and this, along with advances in the performance of the business, mean that we can deliver this additional milk price increase to our members, which will be welcome news.
“Looking to the future, we remain focused on driving efficiency and quality, generating value through strong, long-term customer partnerships to deliver competitive returns back to our members.”