UK - Müller has announced a reduction of 0.49 ppl to its standard milk price from 1 June 2016 reflecting the continuing impact of depressed markets resulting from strong supply and high stock levels.
Lyndsay Chapman, Agriculture Director of Müller Milk & Ingredients said: “Markets continue to be severely depressed due to the balance of supply and demand. The ongoing impact of this environment is increasingly challenging for all of us within the dairy sector.
“We recognise that any further price reduction is difficult news for our farmers but we remain committed to paying a competitive and transparent milk price.
"Our farmers appreciate the retailer supplementary payments paid by a number of our customers, which currently equate to over 2ppl and cushion the impact of the current market conditions to some extent.
“We have again provided 30 days’ notice of this price change, in recognition of the principles of the Voluntary Code.”
The average standard liquid milk price for Müller Milk & Ingredients is 19.11 ppl with an additional supplementary payment to be confirmed (currently 2.05ppl).
TheCattleSite News Desk