First Milk milk price to reduce by 4 ppl from March 1, 2023

1 March 2023

First Milk has today announced that its milk price will reduce by 4 ppl from March 1, 2023, taking its price to 45.69 ppl for a manufacturing standard litre, including the member premium and regenerative farming bonus.

Commenting on the announcement, Robert Craig, farmer director and vice-chairman, said:

“The sentiment in global dairy markets has been weakening for some time. This has accelerated significantly since the beginning of January, and we are now seeing week-on-week reductions in dairy market prices. We are also seeing probably the biggest disjoint ever between market prices and current farmgate milk prices.

“We have been pleased to hold milk price up until this point, providing some stability through the winter period, but we are not immune to market forces and, whilst disappointing, we must adjust our milk price to reflect market movements.

“We recognise that this will be unwelcome news and we will continue to do all we can to reduce the speed and impact of the falling market for our members.”

More news

First Milk November milk price to increase 1.25ppl to 43.85ppl

30 September 2024

First Milk October milk price to increase 0.6ppl

30 August 2024

First Milk Annual Report 2023/2024

29 August 2024

First Milk milk tanker

First Milk delivers healthy performance in year of progress

29 August 2024

First Milk demonstrates bold commitment to farm safety

23 July 2024

First Milk makes it a clean sweep at the world’s biggest cheese show

3 July 2024

First Milk milk tanker

First Milk August milk price to increase by 0.7ppl

28 June 2024

Regenerative dairy co-op presented with King’s Award for Sustainable Development

6 June 2024