First Milk has confirmed it will increase the core milk price it pays to its members by 2ppl from 1 November 2007.
As a result of this increase, First Milk's standard litre price increases to 25.1ppl. The co-op's marginal price* for November increases to 35.1ppl.
Peter Humphreys, chief executive of First Milk, commented:
"We have worked hard to get a fair price for our members from this marketplace. Since April, we have been able to increase our core milk price by 8ppl on a cumulative basis.
"I can assure our members that will continue to work on their behalf to deliver a profitable and sustainable milk price."
Notes to editors
*Marginal milk is all milk produced in excess of 80% of last year's average daily production.
- First Milk is the largest dairy farmer co-operative in the UK. Its members' farms stretch from Central Scotland to the South of England, and from West Wales to East Anglia.
- The business has three divisions: Milk Operations; Cheese; and Ingredients.
- Milk Operations handles approximately 1.8 billion litres of milk per annum from around 2600 producers. This milk is supplied to First Milk's cheese business and to many of the leading names in the industry.
- The First Milk Cheese Company is the largest UK-based cheese supplier.
- First Milk's Ingredients business supplies a range of customers with milk powder and whey products for functional foods, protein drinks, pro-biotics, pre-biotics, pharmaceutical, bakery and confectionary products.
- For further information, please contact:
Jill Coyle on 07825 625205