First Milk Offers Higher Price To Lift Supply
UK - First Milk, the largest farmer-owned dairy co-operative in the UK, with over 2,800 members in Scotland, England and Wales, yesterday announced that it planned to guarantee producers a minimum price of 21p per litre for supplying extra milk from the beginning of July.
14 June 2007
1 minute read
The UK, with a total milk quota of 13 billion litres a year, has failed to reach this mark for almost four years.
The qualifying volume will be calculated monthly and it will be the litres delivered in excess of 105 per cent produced in the same month last year.
For example, if a member of First Milk produced 80,000 litres in July 2006 then he must produce at least 84,000 litres in the same month this year to cross the threshold into the higher price - which compares with a current base price of 17.5p per litre. If he produces 90,000 litres, he will receive 21p per litre on the additional 6,000 litres. This price will be paid on the qualifying litres in July and August, provided that minimum milk quality standards are met.
Source: Scotsman
