First Milk Keeps Dairy Prices Steady Amid Market Volatility
Source: dairynews.today
First Milk has announced that its milk price will hold steady at 45.35p per litre, navigating the mixed signals in the dairy market.
The UK-based dairy processor First Milk has declared that its milk price will remain unchanged for May. This decision ensures the milk price for a manufacturing standard litre, inclusive of the member premium, remains at 45.35p per litre.
Owned by approximately 700 farming families, First Milk acknowledges the varying signals in the dairy market in terms of price and volume.
"Our solid business performance has allowed us to maintain stability in our price," stated Mike Smith, First Milk's vice-chairman. As the UK enters a pivotal period for milk production, there is an awareness that future market returns could face growing pressure. However, First Milk remains dedicated to optimizing returns for its members.
Owned by approximately 700 farming families, First Milk acknowledges the varying signals in the dairy market in terms of price and volume.
"Our solid business performance has allowed us to maintain stability in our price," stated Mike Smith, First Milk's vice-chairman. As the UK enters a pivotal period for milk production, there is an awareness that future market returns could face growing pressure. However, First Milk remains dedicated to optimizing returns for its members.
