From 1 September ex-DFoB producers on milk supply contracts will see their price rise by 1p/litre to 19.65p/litre. The move goes a little way to making up for the massive 3.4p/litre price cut imposed a month ago, which First Milk blamed on challenging market conditions at the time.
“From September we will be putting increased volumes of milk into our Lake District creamery to keep up with consumer demand for our Lake District cheese range. In addition, we are also seeing some pick-up in demand from the spot market,” chairman Richard Greenhalgh said in a letter to producers.
“Both of these factors give us the ability to improve the price that we can pay to you. We will continue to keep your milk price under review based on market returns.”
The First Milk member milk price is unchanged at 22.06p/litre.
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