First Milk announces milk price increase

Dairy farmers supplying First Milk are set to receive a further boost next month as the processor announced it is set to increase its milk price.

In the fifth increase in as many months, the processor said it would pay its members an extra 0.5p/litre from 1 August.

Peter Humphreys, First Milk chief executive, said the dairy had been holding a firm line with its customers in order to drive up its members’ milk price.

“In our negotiations we are very clear that significant price increases are necessary to reflect the current market situation,” he said.

“Our milk price remains under constant review, and with the current market for milk likely to move prices on strongly, we are well placed to allow our members to benefit.”

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