First Milk will increase their standard litre milk price by 0.25ppl from 1 February 2010.
Chairman Bill Mustoe commented, "There are a number of projects running throughout our business right now to reduce our costs and improve our profit streams. These are now starting to bear fruit and allow us to make this initial small increase to our members milk price.
"This move is a step in the right direction and we will make further steps as soon as we can."
Notes to editors
This move takes First Milk's standard litre milk price up to 21.65ppl.
For further information, please contact:
Group communications director
T: 0141 8476789
M: 07767 241452
13 January 2010