Medina Dairy has informed its suppliers of a further 1.5ppl increase in their milk price by August 1 2020.
The average standard litre price will be 24.75ppl and will be paid on 100 per cent of all milk supplied by its farmers.
Covid-19 closure of the food service sector and wholesale market has had a major impact on Medina Dairy’s revenue in recent months, with farmers receiving reduced payments.
But the dairy processor has begun to increase its returns to farmers, announcing milk price increases for June (1ppl), July (1.5ppl) and August (1.5ppl) consecutively.
Arla, who remains top of the league table, reduced their July price by 0.63ppl, with a standard litre price of 28.17ppl.
A Medina Dairy spokesperson said: “Today’s announcement reflects our commitment to returning to sustainable milk price for our farmers as soon as we are able."