First Milk’s market mechanism has produced a reduced May 2016 milk price
Paul Flanagan, First Milk’s external relations & membership director commented:
“Over the course of last week, the First Milk Board presented to several hundred members in England, Scotland and Wales on progress with our turnaround. This progress has only been possible as a result of strong support from members.
“At the same time as we have taken steps to improve First Milk, the market has continued to worsen. As a result of falls in the market mechanism that governs our returns the following price changes need to be implemented.”
The May price changes are as follows:
· -0.66ppl for our four creamery milk pools plus the Northern England pool
· -0.61ppl for the Scottish Mainland & Bute pools
· -0.72ppl for Midlands & East Wales pool