4th August 2014
Volatile dairy markets lead to 1st September milk price adjustments.
Chairman Sir Jim Paice MP commented:
"As a result of falling commodity prices and a continued decline in UK market returns, from the 1st of September we will need to reduce the price for our manufacturing pool by 0.5 pence per litre and by 0.65 pence per litre for our liquid pool.
"We have highlighted the falling global and European prices in our member communications over the last few months, and unfortunately at this stage there is no sign of a turnaround.
"We will continue to monitor returns closely and report back to members each month."
Notes to editors
About First Milk
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.
It is headquartered in Glasgow with seven manufacturing sites across England, Scotland and Wales.
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.
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