First Milk announces 3.4p/litre price cut for May

Farmer-owned dairy co-operative First Milk will drop its milk price by 3.4p/litre in May for a manufacturing standard litre.

This will take its milk price to 39.29p/litre, including its member premium.

See also: Dairy farmers face losses as milk prices fall to 40p/litre

Robert Craig, First Milk’s farmer director and vice-chairman, said: “We are very conscious of the challenges facing dairy farming businesses arising from the speed and scale with which milk prices have reduced across the market.

“While current market circumstances are unwelcome, as always we will continue to work to maximise our members’ milk price in the months ahead.”

B Corp certification

First Milk also announced earlier this week that it has been certified as a B Corp operation.

This is achieved by businesses meeting targets relating to social and environmental performance, such as First Milk’s net-zero objectives and regenerative farming programme.

Shelagh Hancock, the chief executive, said: “Our successful certification as a B Corp is recognition of our hard work around sustainability and regenerative thinking and will be an important part of our journey in the future.”