This is the seventh milk price increase in a row and reflects both the improvement in market returns and the performance of the new First Milk business.
Mike Gallacher, CEO commented:
"We are very aware of how challenging the market downturn of the last two years has been for our members. It is good to see the new First Milk now able to provide a competitive return, with much more that we can still do to continue to improve our own performance. We see a much better year ahead for our members."
Chairman Clive Sharpe said:
"Our milk prices have now risen by an average of 10ppl since June and market signals continue to point to some further improvements in early 2017. On this positive note we wish our members a very happy Christmas and New Year. We look forward to making more progress in 2017."