Prices will rise by at least 1ppl across all pools and it expects to be able to deliver further price rises
First Milk has announced its member milk prices will rise by between 1ppl and 1.1ppl from October 1.
The co-op said it was as a result of strengthening markets and improved business performance.
Chairman Clive Sharpe said: “We are pleased to announce our third consecutive price lift and expect to be able to deliver further increases on members’ milk price based on the strengthening market plus productivity improvements and efficiencies across First Milk.”
Vice Chairman Nigel Evans added, “Members will be particularly pleased to see that the business is improving its productivity and efficiency given that these were outlined as key priorities at the farm roadshows last month.”