3rd March 2015
First Milk has confirmed that under its new A & B pricing structure for April, that the A price will be set at 20.87ppl for the manufacturing pool and 20.5ppl for the balancing pool.
The range for the B price is 16ppl to 18ppl and as previously communicated this will be fixed after the month-end.
Chairman Sir Jim Paice MP commented:
"There continues to be marked volatility in global dairy prices. Nevertheless, the recent movement of market indicators means that we are cautiously optimistic that the trend for future dairy prices is, at long last, a more positive one.
"However, there remain a number of uncertainties. For example, although the latest few GDT figures have been encouraging, as yet, they have not fed through to milk prices and many buyers are awaiting the outcome of the forthcoming spring flush.
"As a Board we will continue to monitor market indicators closely and build these into our decision-making on milk price."
First Milk are organising local drop-in days across the country, which are being held by their Farm Enterprise Team, to ensure that all members have the opportunity to discuss and understand the new pricing arrangements.
Notes to editors
About First Milk
First Milk is the UK's only major dairy company, 100% owned by British farmers. It supplies a wide range of dairy products and dairy ingredients to customers in both national and international markets including block cheeses, soft cheeses, raw milk, butter, skimmed milk powder, whey proteins and sports nutrition brands.
It is headquartered in Glasgow with seven manufacturing sites across England, Scotland and Wales.
First Milk's aspiration is to provide consumers with great-tasting nutritious food, while delivering value for every part of its farmers' milk. As a business with a passion for innovation and sustainability, it is constantly seeking fresh ways of working with partners across the supply chain to drive pioneering solutions.
For further information on First Milk, please visit www.firstmilk.co.uk or follow the company on Twitter @first_milk and YouTube www.youtube.co.uk/firstmilk1.
For media enquiries, please contact:
head of communications
M: 07767 241507
M: 07984 349936