First Milk Price Rise Welcomed By NFU
UK - British farmers have welcomed the news that First Milk is to raise the price for each of its three main milk pools.NFU dairy board chairman Mansel Raymond said: “This represents good news for First Milk’s members and reflects the continued strength of commodities. I don’t want to take anything away from what is a positive move, but I can’t ignore the fact that market indicators for cheese, butter and powder are still achieving 28 - 30ppl.
“Yet, even with today’s price increase, the gap between the market price and the farrmgate price remains unsustainably wide. With costs also escalating on farm, First Milk’s members will be hoping that this is just the start of things to come.
“It has been a frustrating few months and I am still extremely concerned at the continued lack of movement in the liquid market. Processors have been talking of a time lag, but this is a complete blockage and is further evidence that there are factors at play here which are preventing markets from operating properly. If ever the Government wanted more evidence of market failure in the dairy industry to back our calls for regulation on contracts, then this has to be it.”
The cheese pool price increases by 1.25ppl, balancing pool by 1ppl and the liquid pool price moves up by 0.25ppl.
TheCattleSite News Desk