First Milk will hold its current milk price for December following four months of consecutive price increases.
First Milk farmer director and vice-chairman Jim Baird said the global market had started to settle following the butter price highs of the last few months.
Mr Baird said: “This year, we have been able to return significant increases in milk price as a result of market conditions and ongoing improvements in our business performance. At the current time, however, world dairy commodity markets have stabilised and so the outlook for future market performance has started to soften. As a result of these developments, we have decided to hold milk prices at the current time.
“Our continued focus remains on driving efficiency and quality through our operations, building on our strong, long-term relationships to deliver competitive total returns to our members.”
Prices across the processor’s pools rose by 1ppl and 1.1ppl last month.
First Milk is headquartered in Glasgow and runs four manufacturing sites across England, Scotland and Wales.