First Milk to cut milk price by 1ppl

First Milk has today announced that it will be reducing its milk price for February 2018 by 1 pence per litre. This is as a result of the downward pressure in global commodity dairy markets in recent months.

Commenting on the announcement, Jim Baird, Vice-Chairman and farmer director, said: “Improvements in First Milk’s business performance meant that we could delay a milk price reduction for January. Recent market developments will affect our customer pricing mechanisms, however, and we can only pay a milk price linked to our returns.

“We understand that this will be disappointing news for our members and remain completely committed to doing everything we can to reduce the impact of decreases in the market through our focus on quality and efficiency throughout our business, and through the development of our strong relationships with customers. Working together, we will deliver competitive returns to our members.”

 

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About The Author

John Swire - Deputy editor of Agronomist and Arable Farmer as well as responsibility for the Agronomist and Arable Farmer and Farm Business websites. After 17 years milking cows on the family farm John started writing about agriculture in 1998 and has since written for a variety of publications and has developed a wide circle of contacts within the industry. When not working John is a season ticket holder at Stoke City and also of late has become a fitness freak, listing cycling, swimming and walking as his exercises of choice.