The A price will rise by 1ppl from July 1.
Meadow Foods has announced a 1ppl price rise from July 1, taking its standard A litre milk price to 28ppl.
This price change will be added to the flat rate element of Meadow Food’s price schedule.
The rise reflects the continued strengthening of the dairy markets.
Meadow Foods said improvements have primarily been driven through protein prices, with skimmed milk powder prices starting to lift and make upward progress. Also with the recent volatility of the butterfat market, cream prices have become more stable in recent weeks.
Mark Chantler, Chief Executive at Meadow Foods, said: “We are pleased that the market conditions continue to improve and to be able to pass on the improvements to our farmers.
“Our decision to invest in customer innovation and new product development is also starting to bear fruit as we extend our range and reach into new markets, creating an even greater demand for our products.”
Meadow Foods forward fixed price scheme, which guarantees a percentage of a producer’s yield, will guarantee a 28ppl price for 24 months from July 1.
Producers who take up the scheme will be automatically allocated some fixed price litres from their A litre volume.
The price will be paid on a flat rate basis on all the fixed price litres allocated, approximately 2.6 per cent of a producer’s last year’s total annual production from April 17 to March 18.