First Milk has today announced that member milk prices will increase by 0.52ppl from November 1, 2017 on a manufacturing standard litre of 4.2% butterfat and 3.4% protein.
Commenting on the announcement, Nigel Evans, vice chairman and farmer director, said:
"The returns from the milk market continue to strengthen and this, along with advances in the performance of the business, mean that we can deliver this additional milk price increase to our members, which will be welcome news. Looking to the future, we remain focused on driving efficiency and quality, generating value through strong, long-term customer partnerships to deliver competitive returns back to our members."
Notes to Editors:
|Pool||November increase||November pool price|
|Midlands and East Wales||0.5ppl||29.40ppl|
N.B. *Haverfordwest & LDC prices are Manufacturing Standard Litre (4.2% B/fat & 3.4% Protein); others are Liquid Standard litres (4% B/fat & 3.3% Protein), so the equivalent price increase on the liquid standard contracts is 0.5ppl.
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