The member premium will increase from 0.25ppl to 0.5ppl from April 2020 on the back of ‘good progress’ for the cooperative.
First Milk has announced its member premium will increase from 0.25ppl to 0.5ppl from April 2020.
The cooperative said this increase was a result of the ‘consistent delivery of improved financial results being achieved by the business, which has been enabled by growing business with both new and existing customers along with improved productivity’.
Shelagh Hancock, Chief Executive, said: “First Milk continues to make good progress, with positive growth and solid trading performance.
“As a result of this improving position, I am pleased to confirm our intention to increase our member premium to 0.5ppl from April 2020, recognising and rewarding the loyalty of our long-standing members.”