First Milk cuts January milk prices

Published 4 January 16

First Milk has reduced its farmgate milk price for January across the majority of its milk pools. The Campbeltown, Arran, Lake District and Haverfordwest creamery pools, as well as the Northern England balancing pool, will all reduce 0.25ppl. The Scottish balancing pool price will fall 0.18ppl. The Midlands balancing pool remains unchanged.

First Milk commented: “With returns for our cheese business set by a basket mechanism, announcements from other processors of price drops for January have had a direct impact on First Milk returns.”

The processor also confirmed it has finished refinancing with its banks, as part of its efforts to stabilise and reshape the company.