First Milk announces reduced milk price for February - Cowsmo

First Milk announces reduced milk price for February

First Milk will be reducing its milk price for February 2018 by 1p per litre as a result of the downward pressure in global commodity dairy markets in recent months.

Commenting on the announcement, Jim Baird, vice-chairman and farmer director, said:

IMG_6076a“Improvements in First Milk’s business performance meant that we could delay a milk price reduction for January. Recent market developments will affect our customer pricing mechanisms, however, and we can only pay a milk price linked to our returns.

“We understand that this will be disappointing news for our members and remain completely committed to doing everything we can to reduce the impact of decreases in the market through our focus on quality and efficiency throughout our business, and through the development of our strong relationships with customers. Working together, we will deliver competitive returns to our members.”

The Haverfordwest pool price will drop to 29.57ppl.

The Midlands and East Wales rpice drops 1ppl to 28.40ppl.


Source: The Western Telegraph

Scroll to Top