It also expected producers would see a retail supplement of 0.2ppl for the month
Muller has confirmed its standard litre price will reduce by 0.5ppl to 26ppl from May 1.
But producers will benefit from an estimated retail supplement of over 0.2ppl for May.
Muller has also confirmed that farmers will receive a retail supplement for milk produced in April, estimated to be equivalent to around 0.15ppl.
Rob Hutchison, Muller’s agriculture and milk supply director said: “Wholesale cream and butter values remain volatile and well below levels seen in the last few months, and although the weather has taken some of the edge off milk production, spring flush milk volumes for Muller Direct producers are expected to recover into May.
“Our strategy in the UK underpins a highly competitive milk price regardless of the short or mid-term market conditions.
“Muller Direct farmers also have the option to benefit from some major initiatives designed to reduce the impact of market volatility. We look forward to discussing these directly with farmers over the coming weeks.”