First Milk has announced that from 1 September 2015, the milk price will reduce by 0.2ppl for its balancing milk pools and by 0.3ppl for its manufacturing milk pools.
Chairman Sir Jim Paice commented:
"The First Milk Board met yesterday and discussed the progress of our turnaround plan and the current markets within which we operate. We will be updating members on these topics, at the nationwide round of meetings, which start tomorrow (Thursday).
However on account of dairy product prices remaining very weak, the September A price will reduce by 0.2ppl for our balancing milk pools and by 0.3ppl for the manufacturing milk pools."