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'Stability for our members' - First Milk announces milk price hold for May

The cooperative said it was looking to provide as much stability as possible for members.

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First Milk announces price hold for May

First Milk has announced that it will be holding its member milk price for May 2019 at the current level.

 

This means that its liquid standard litre for May will remain at 27.75ppl, whilst its manufacturing standard litre will be 28.68ppl. This includes its member premium.

 

Jim Baird, vice chairman and farmer director, said: “Amid ongoing uncertainty and downward pressure in domestic dairy markets we are working hard to continue to provide as much stability as we can for our members.”

 

Reaction

 

NFU Scotland milk chair John Smith: “The milk price announcement from First Milk demonstrates a more confident picture with processing capacity at both Harvardford West and Lake District creameries capable of handling up to 40,000 tonnes each, which equates to almost 800 million litres of milk per annum.


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“With an expected higher spring flush, the company expects to be delivering strong performances through its contracts and customer base and a weaker spot price created by unplanned milk production within the UK.

 

“The message to all milk producers is to clearly discuss with your milk purchaser how much milk they require and work closely in partnership with them and as an industry try to get the supply/demand balance correct in order for everyone in the chain to get a reasonable return for their huge efforts and heavy investments.”

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