First Milk cut milk price by 0.65ppl on Liquid and 0.5ppl on Manufacturing from Sept'14

The volatile markets are beginning to make their presence felt and no more so than at First Milk, with the company confirming it is having to reduce its member milk price by a further 0.65ppl on its Liquid pool and by 0.5ppl on the Manufacturing pool.

First Milk chairman, Sir Jim Paice MP said: “As a result of falling commodity prices and a continued decline in UK market returns, from the 1st of September we will need to reduce the price for our manufacturing pool by 0.5ppl and by 0.65ppl for our liquid pool. We have highlighted the falling global and European prices in our member communications over the last few months, and unfortunately at this stage there is no sign of a turnaround. We will continue to monitor returns closely and report back to members each month.”

These latest decreases take our 'Flagship' standard litre—4%b/f & 3.3% prot. Bactoscans of 30,000/ml & SCC’s of 200,000/ml, 1mltrs/yr on EODC but before seasonality, monthly profile payments, balancing, capital retentions or annual incentive schemes not directly linked to dairy market price movement—prices down from 29.60ppl to 29.10ppl on Manufacturing and from 28.75ppl to 28.1ppl for Liquid.

 

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