Its standard A litre milk price will drop by 1ppl from December 1
Meadow Foods has announced a 1ppl price drop from December 1, taking its standard A litre milk price to 28.5ppl.
The change will apply to the flat rate element on the price schedule.
The dairy said it was responding to continued pressure within the dairy markets which had ‘significantly weakened in the UK over the last three months’.
They pointed to the cream price which had fallen from £2.40 per kilo in August to £1.80/kg.
Mark Chantler, Chief Executive at Meadow Foods, comments: “Milk volumes have performed well over the summer despite the hot weather and continue to remain relatively high.
“The company will however continue to monitor the market, in particular how forage stocks last through the winter and how this may affect supply in the New Year and into the Spring.”
Meadow Foods was also hosting a series of meetings with their producers in November where they will give a full round up of the market and further developments at Meadow Foods including the company’s new Sustainability Programme.