3rd June 2014
From 1 July the milk price for First Milk's liquid pool will remain unchanged and the milk price for its manufacturing pool will reduce by 1.15ppl.
First Milk chairman Sir Jim Paice MP said:
"Unfortunately the downward trend within dairy commodity markets has continued, albeit the rate of fall has thankfully slackened in recent weeks.
"While the peak of our domestic spring flush has passed, the global dairy market remains uncertain and we continue to watch it carefully.
"The investments we have made in areas like sports and lifestyle nutrition are now beginning to pay off and over the longer term these will transmit into milk price."
Following up on a commitment to transparency and accessibility, which he made when coming into office last autumn, Sir Jim will be commencing a national series of farm roadshows on the 12th June. This will see him visit every region of First Milk's membership and for the first time these events will not only be open to First Milk members, but also to any other dairy farmer who is interested to hear more about the business.
Notes to editors
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.
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.
It is headquartered in Glasgow with seven manufacturing sites across England, Scotland and Wales.
For media enquiries, please contact:
head of communications
M: 07767 241507
M: 07984 349936