The Muller Direct milk formula price will rise 1.172ppl from September
The Muller Direct milk formula price will rise 1.172ppl from September to a standard litre price of 26.005ppl.
This is the highest formula monthly price increase ever recorded since the April 2013 launch.
The increase is largely based on the improved cream income which increased by 73 per cent between April and July. There were also increases in 4 pint retail prices, 18 per cent concentrate costs and red diesel costs.
Those with litres priced by formula do not receive the current retailer supplementary payments on formula litres.
A spokeman said: “For those members that opted for these Formulaic based milk price options, they have proved to have provided a considerable safe guard versus the volatility that the general marketplace has produced.”