First Milk and Milk Link increase their payments to farmers
UK - Something to smile about? Milk prices could be more stable next year but margins will still be under pressure.
2 November 2006
1 minute read
First Milk and Milk Link are the latest milk buyers to increase their payments to farmers, and industry analysts say the improved outlook for milk prices may continue into 2007.
Milk Link announced this week that its members with liquid contracts would receive 0.2p/litre extra backdated to 1 October. The 3000 members of First Milk will be getting the same rise from the beginning of this month.
Peter Humphreys, First Milk's chief executive, said: "Following recent negotiations with our major customers I am very pleased that we are able to increase the milk price paid to our members. This is the result of improving returns from the liquid market on the back of higher cream prices."
First Milk is a major supplier to Robert Wiseman Dairies (600m litres) and Dairy Crest (400m litres) and both have recently increased their milk prices - by 0.4p/litre and 0.2p/litre respectively.
Source: fwi.co.uk
