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First Milk holds January price after cuts from Muller and Meadow Foods
First Milk has announced that it will hold its current milk price for January 2018, despite the downward pressure in the marketplace.
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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Muller announced a 1.5ppl price cut from January 1, citing ‘substantial movement in butter and cream values, against the recommendation of its producer board.
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Meadow Foods also announced a 1.25ppl drop.
It means First Milk prices for all pools will remain between 29.09ppl and 30.57ppl from January 1.
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Jim Baird, Farmer Director and Vice-Chairman of First Milk, said: “Dairy markets have weakened recently and so the outlook for the UK market continues to worsen.
“Whilst we cannot buck the markets, we will continue to work hard to reduce the impact of milk price reductions for our members as much as possible.
“We will do this through our focus on efficiency and quality, and by building on our strong, long-term relationships to deliver competitive returns to our members.”
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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 © 2018 by AgriBriefing Limited. All rights reserved.
