Farming News - First Milk announces June milk price hold - milk price latest
First Milk announces June milk price hold - milk price latest
First Milk has today announced that it will be holding its member milk price for June 2020 at the current level. This means its liquid standard litre will remain at 26.75ppl, whilst its manufacturing standard litre will remain at 27.63ppl, both including its member premium.
Commenting on the announcement, Jim Baird, farmer director and vice-chairman, said:
“The effective shutdown of the foodservice sector as a result of the COVID-19 pandemic has impacted dairy markets, which have fallen sharply. Uncertainty continues, especially in relation to the easing of lockdown restrictions, and how long it will take for demand, and indeed the wider economy, to recover. As such, it remains hard to determine what the total impact of COVID-19 will be on dairy markets in the UK or globally in the months ahead.
“Of course, over time, we will not be completely insulated from the impact on the dairy markets, but as a farmer-owned co-operative we will continue to work to provide as much stability as possible for our members at this time.”
Barbers have stated that it's standard manufacturing litre price at 27.79ppl and based on a standard liquid litre at 26.8ppl will be maintained until at least 1st July.
South Caernarfon Creameries have announced that they will maintains a manufacturing standard of 27.28ppl based on a standard litre price of 26.34ppl until July.
Crediton Dairy keeps their standard liquid litre price at 27.5ppl.
Muller Direct farmers have already announced that they will not receive the agreed 1ppl 1st May price increase. This means it will be a milk price at 25.25ppl plus 1ppl to 26.25ppl for farmers who qualify for the Muller Direct Premium and these prices will prevail until at least July 1st.
Saputo formerly Dairy Crest Davidstow stand on until at least 1st July This was agreed back in January and maintains the minimum standard manufacturing litre price at 28.65ppl and based on a standard liquid litre the minimum floor price 27.63ppl.