Milk Link keeps price pressure on for another month
MILK LINK members will not see any extra cash for their June milk following the co-op’s decision not to reverse its 0.75p/litre business/market related adjustment (BMA) implemented in May.
The BMA was introduced last month to balance milk prices each month against variables like milk volumes, quality and market returns. A complicated calculation meant producers saw their milk price cut by about 0.62p/litre.
According to head of communications Will Sanderson, it had not been possible to reduce the BMA in June because lower-than-budgeted milk volumes during the month meant profitability had been hit.
However, Milk Link member James Bowditch said if the co-op wanted it more milk it was going a funny way about it. “They’re not exactly enticing us to produce any more.”