Archive: First Milk to cut milk prices by 3ppl

Published 1 September 14

This page has been archived and no longer updated. more info

First Milk has confirmed a 3ppl reduction to its milk prices, with effect from 1 October. This latest price cut will apply to both its liquid and manufacturing pools.

The current decline in global dairy markets is said to be having both a direct and indirect impact on its business, as most of its milk is manufactured into products which are traded globally.

A press release said that market prices have fallen by a larger extent than its milk price cuts, and that this latest reduction will help it to rebalance milk prices with its expected market returns. The co-operative states that it is also trying to reduce costs and add value to members’ milk where possible, although this price cut will be the most significant move.