First Milk announces milk price increase

Dairy co-op First Milk is set to increase the price its pays its 2800 suppliers by 2p/litre.

Farmers will now receive 25.1p/litre for a standard litre of milk from 1 November.

The co-op’s marginal price – milk produced in excess of 80% of last year’s average daily production – will increase to 35.1p/litre. 

Chief executive Peter Humphreys said: “We have worked hard to get a fair price for our members from this marketplace.

“Since April, we have been able to increase our core milk price by 8ppl on a cumulative basis.

“I can assure our members that we will continue to work on their behalf to deliver a profitable and sustainable milk price.”