DAIRY CREST has confirmed that it will pay an extra 0.3p/litre for milk used to make cheese.
The increase will be backdated to July 1, following meetings with suppliers where the company shared its calculations.
Better still, the company says that August will see a further rise in milk for cheese prices, to reflect the retail price increases negotiated with major retailers in June.
Arthur Reeves, Dairy Crest’s milk purchasing director, said: “Dairy Crest recognises that production costs for farmers have risen over the course of the last year.
“We have worked hard with our retail customers to secure these price increases and are pleased that we can now pass these on to our milk suppliers.”
Richard Weaver, chairman of Dairy Crest Direct, said he expected there would be further milk for cheese price increases in September, as more retail customers raised their cheese prices.