First Milk Announces February Price Increases
UK - From 1 February, First Milk, the largest dairy farmer-owned business in the UK, will raise the price for each of its three main milk pools.
26 January 2011
1 minute read
The cheese pool price increases by 1.25 ppl, balancing pool by 1ppl, and the liquid pool price moves up by 0.25ppl.
First Milk chairman, Bill Mustoe said: "These moves reflect our achievement of better returns from the cheese and ingredients markets, allied to the results of a continued drive on efficiencies within our own business.
"In contrast, we are particularly disappointed that returns from the liquid market have been static. As soon as ongoing price negotiations with our liquid processor customers are completed, we will pass any additional funds we secure back to members.
"In 2010 we steadily improved our milk price. These increases today, on top of the return on investment we paid out to members last week, are a clear demonstration of our commitment to do the same in 2011."
TheCattleSite News Desk
