Dairy Farmers of Britain has announced it is to cut its members’ milk price from February. The 1.1p/litre reduction will be a flat-rate cut across all DFoB payment schedules.
The move follows the co-op’s decision to cut its milk price by 2p/litre last November when it unveiled a significant restructuring programme. Chief executive Andrew Cooksey said: “In the two months since that announcement, markets have weakened further and this price adjustment is a reaction to those market pressures.”
He said the co-op regretted the impact on members’ businesses, but added that the dairy sector was under considerable pressure.
Most of the UK’s major milk companies have now announced cuts to their milk prices. Read more about those cuts and the factors affecting milk supply in Phil Clarke’s Business Blog. You can also tell us what you think.