First Milk cut milk prices for August

Published 5 August 15

First Milk has implemented a further price cut to its members effective 1 August. The cut of 0.5ppl will be applied to the ‘A’ price on all contracts. Prices paid on ‘B’ milk are forecast to be between 11.5ppl and 14.5ppl.

From 1 September, members’ capital contributions will revert to 0.5ppl after the temporary increase to 2.0ppl put in place in January to help the cooperative improve its financial position.