Former farming minister Sir Jim Paice has resigned as chair of First Milk.

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Reacting to the price cut, NFU dairy board chair Rob Harrison said, “We are in a position now whereby the majority of dairy farmers in the UK will be receiving milk prices far below the cost of production. This is simply not sustainable.
 
“What we need is a guarantee from our milk buyers that they are doing all they can to get the best possible price from the market. But above all, we need the industry to work with us to develop a rigid and practical set of risk management tools that can benefit our farmers and support them with fair prices during a period of market volatility.”