First Milk Announces Price Increase for Member Milk Effective August 2024
Source: The DairyNews
First Milk has announced that from August 1, 2024, its member milk price will increase by 0.7 pence per litre (ppl) to 41.0 ppl for its manufacturing standard litre, including the member premium.
Commenting on the announcement, Mike Smith, Vice Chairman and Farmer Director, said, “There has been recent positive momentum in global dairy market prices driven by sentiment, which now appears to have stabilized. Many of our members continue to face challenging on-farm conditions, with unpredictable weather impacting forage availability both now and potentially for the upcoming winter. As a result, we are pleased to announce this increase to our milk price at this time.”
