The Co-operative Food group has increased the price it pays to milk producers by 0.65p/l.
The group is supplied by Wiseman Dairies which was the first of the processors to slash prices – by -1.7p/l on 29 June – in this latest round of cuts.
A Co-op spokeswoman said the retailer had decided to increase its price as a result of the cuts to “soften the blow” on dairy farmers. The premium it pays to producers will be 2p/l.
A spokeswoman for the group said: “Against a backdrop of a competitive retail market, we are doing everything we can to attempt to alleviate the pressures facing dairy farmers during these tough trading conditions.
“Earlier this week we took the decision that we would, as from 1 August, increase the premium we pay on milk to farmers by 0.65p per litre, taking it to 2p/l – the farmers we deal with have now been notified of this.”
“We remain in constant dialogue with farmers, and will keep the situation under review,” she said.
For more information and to have your say, visit our dedicated page on the milk price crisis.