The change to reporting on a manufacturing standard litre is due to all members now being paid on manufacturing contracts. The 4.2% butterfat and 3.4% protein also more accurately reflect the quality of milk members are producing.
Members will also receive their member premium on 20th April for the milk they produced in 2020/21 milk year. For the average member this is just over £4,800.
Commenting on the milk price increase, Robert Craig, farmer director and vice-chairman, said:
“I am delighted we are able to increase the price paid to our members. It goes some way to reflect the increasing costs they are experiencing in their businesses.”