First Milk has today announced that its milk price will reduce by 0.3ppl from June 1, 2019. This will take the liquid standard litre for June to 27.45ppl and the manufacturing standard litre to 28.37ppl, both including member premium.

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

“Having provided much-needed stability for our members over the last few months on milk price, we unfortunately now need to make this adjustment in light of the downward pressure on UK dairy markets.

“Looking forward, global dairy markets are looking more positive and, with peak largely behind us, the UK milk futures (UKMFE) projections are also indicating an encouraging upward trend.”