The price will increase by 0.5ppl from August 1
Meadow Foods has announced its milk price will increase by 0.5ppl from August 1, taking the standard A litre milk price to 28.5ppl.
The dairy said this rise reflected dairy markets remaining relatively strong, despite cream prices softening by nearly 15 per cent in recent weeks and it said it hoped to see the ‘normal pattern of stronger cream prices return over the summer months’.
The current spell of extremely hot and dry weather was now starting to effect milk production. With forecasters suggesting that this weather is set to continue throughout July, and Meadow Foods said this has the potential to have a serious impact on milk supplies over the next few months and in to the winter.
Mark Chantler, chief executive at Meadow Foods, said: “We’re pleased to be able to pass on to our farmers the continued improvements in the dairy market.
“We will however continue to watch the situation closely and hope the normal pattern of stronger cream prices returns and that the continued hot weather does not go on to have to negative impact on production.”