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

Going Deeper Underground: How First Milk Farms are Revolutionising Biodiversity and Soil Health Assessment

5 December 2023

First Milk milk tanker

First Milk to reduce November milk price by 0.85ppl

29 September 2023

First Milk holds milk price for October 2023

1 September 2023

First Milk Annual Report and Statutory Accounts 2022/23

17 August 2023

First Milk delivers stability in turbulent year

17 August 2023

First Milk milk tanker

First Milk holds milk price for September 2023

28 July 2023

Water quality in the Western Cleddau River, Pembrokeshire

13 July 2023

First Milk collects top prize at 2023 International Cheese and Dairy Awards

12 July 2023