First Milk price rise

- Last updated on GMT

Related tags: Milk price increase, Milk, Cattle, First milk

First milk, the 4,000 strong farmer owned co-operative, has
received a 0.9 pence per litre increase on milk that farmers within
the group produce. This move brings the standard production price
offered for milk up to 18.43 pence per litre.

This increase takes place in the wake of Dairy Crest's milk price increase last week,​ which saw farmers receive a two pence increase for milk that was produced for cheese.

However, for First Milk members, which make up the UK's largest dairy farming co-operative, the pay increase comes into effect from milk that was sold in October and November.

Last week First Milk's chief executive John Duncan conveyed his disappointment at the exclusion of backdated milk form November and October in Dairy Crest's proposal to increase milk prices for farmers, claiming that not everyone would be satisfied with the decision.

In a statement delivered yesterday, Duncan concluded that the backdated increase "is only the start. We must continue to exert pressure on the other processors to catch up, and must look for a similar increase in the liquid price".

Related topics: Markets, Pricing Pressures, Fresh Milk

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