First Milk announces total member returns to increase from April 1st 2019.

First Milk has today announced that its standard litre milk price will increase by 0.25ppl from April 1, 2019 to 27.75ppl for the liquid standard litre or 28.68ppl for the manufacturing standard litre. This increase reflects First Milk’s commitment to pay a new, previously announced, member premium of 0.25ppl from April 1st to the majority of members who have reached their capital target.

Commenting on the announcement, Jim Baird, Vice Chairman and Farmer Director, said:

“The markets remain uncertain but, despite this, we have been able to deliver these additional returns by delivering on our growth strategy. This additional member premium payment rewards our members for their loyalty, and we remain focused on continuing to develop our business to deliver long term prosperity for our members.”