Dairy farmers supplying Müller will see their milk price increase by an additional 1.25 pence per litre from July 1st, 2018 following a 0.75ppl increase in June, the company has confirmed.
The move takes the Müller Direct standard litre price to 28.00 pence per litre, reflecting a strengthening in returns from wholesale cream and butter markets.
Rob Hutchison, Müller’s Milk Supply Director said: “Market returns are continuing to improve after a challenging period, and we are pleased to reflect this in higher milk prices.
“Whilst global market volatility will remain a constant factor going forward, Müller Direct farmers are embracing the range of tools we are offering which are designed to help them manage milk price volatility.
“In practical terms our farmers now have the means by which they can continue to benefit from upsides in the farm gate milk market but they are now far better protected from the downturns thanks to innovations like the Müller Direct Fixed Price Contract and the Futures Contract option.
“Going forward, we intend to continue to develop innovative solutions which support our supply chain.”