By Olivia Cooper
DAIRY co-op Milk Link has revealed a 30% increase in milk price over the past 17 months.
Its reports and accounts show the average net price paid to members rose 2.3ppl in the year to 31 March.
This has since increased by another 2.3ppl to September, to 20ppl.
In the same period, Milk Link has invested 1.8 million in transport rationalisation, IT and other infrastructure costs.
This will generate savings of 2.9m, equating to about 1035 per member over the next 12 months, says the co-op.
“These accounts reflect our initial priorities to reverse the decline in milk price and to improve the efficiency of our inherited operations,” says chief executive Barry Nicholls.
“We improved returns to our members at a time when very real problems were facing the dairy industry.”
- Milk Price Review (large file- allow time to download)