May Day: More Milk Price Cuts for the New Month
UK - Much of the countryside would appreciate a decent shower of warm rain following one of the driest springs for years, but dairy farmers are finding their umbrellas are ineffectual against a deluge of milk price reductions that show every indication of draining their bank accounts deep into the red.
7 May 2009
1 minute read
According to a recent report from The Scotsman, bad news comes in torrents and the latest announcement by First Milk, the farmer-owned business with over 2,500 members in Scotland, England and Wales, that it is to impose an immediate ex-farm price cut of 1p per litre will only add to the agony of
many dairy farmers who are just about hanging on in the face of higher production costs and weak international commodity markets, says TheScotsman.
Peter Humphreys, the chief executive of First Milk, has done his best to secure higher returns for producers, but conceded that the market situation remains testing in the extreme.
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