As a result of further business efficiencies and better market returns from cheese, First Milk is increasing the standard litre milk prices paid to its producers. Farmers in the cheese and balancing pools will see their price increases by 0.38ppl to 26.50ppl, while those in the liquid pool receive an increase of 0.2ppl to 26.4ppl. These increases are backdated to 1 July 2011.
First Milk's chairman Bill Mustoe commented:
"We're making good progress with growing our brands, keeping our cost base tight, expanding our product and customer spread and developing a range of profitable partnerships along the supply chain. All that momentum helps us to achieve our main objective, which is returning cash to our producers as quickly as possible."
For further information, please contact Paul Flanagan, 07767 241452
8 July 2011