Farming News - Meadow Foods announces milk price rise along with Freshways, Muller, Medina & First Milk
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Meadow Foods announces milk price rise along with Freshways, Muller, Medina & First Milk
Meadow Foods has announced that it will be increasing its milk price by 3ppl from 1st January 2022. The announcement means that all producers will see their standard litre milk price rise to 33ppl, an equivalent manufacturing litre will be 33.625 pence per litre. All changes will apply to the flat rate element on the price schedule.
Mark Chantler, Chief Executive of Meadow Foods, comments: “We are aware of the inflationary costs our farmers are facing and continue to work closely with our customers to reflect these inflationary pressures. We will continue to closely monitor the markets and will return any price increases to our farmer suppliers as soon as possible.”
Freshways,Muller, Medina & First Milk have also announced price rises for 2022.
Medina has announced a 3ppl increase to its January core Watsons milk price, taking it to 32.8p/litre.
First Milk has announced that its member milk price will increase by 2ppl with effect from January 1, 2022. This takes its standard litre price to 34 ppl on a manufacturing price schedule, including its member premium and all other standard litre bonuses and charges.
Commenting on the announcement, Robert Craig, Vice Chairman and farmer director, said:“We are acutely aware of the huge inflationary cost pressure that our farmer members face this winter. As always, our focus is on returning as much to our members as we can.
"Whilst this two pence-per litre price increase is undoubtedly a positive step, we will continue to work hard with our customers to recover increased costs from the marketplace, as well as focusing on any further mitigations we can take to reduce cost across our business.”
Freshways said it will increase it's milk price to 33ppl in 2022 due to unprecedented input cost increases.