First Milk has today announced that it will be holding its milk price at the current level for January 2020.

This means that its liquid standard litre price for January will remain at 27.00 ppl and its manufacturing standard litre will remain at 27.90 ppl, both including the member premium.

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

"As we head towards the end of the year the dairy markets appear fairly stable. First Milk continues to focus on maximising returns to our farmers and, as we look forward to 2020, we believe we are well-placed for the future, as we work together to deliver dairy prosperity."