Meadow Foods has announced that it will be increasing its milk price by +1.00ppl from 1st July, taking their standard A litre milk price to 28.00ppl.  This positive price change will be added to the flat rate element of Meadow’s simple and straight forward price schedule, ensuring every producer benefits from it.

image expired

The decision to raise their milk price, the third time this year, reflects the continued strengthening of the dairy markets. The improvements have primarily been driven through protein prices, with skimmed milk powder prices starting to lift and make upward progress. Also with the recent volatility of the butterfat market, cream prices have become more stable in recent weeks.

Mark Chantler, Chief Executive at Meadow Foods, comments: “We are pleased that the market conditions continue to improve and to be able to pass on the improvements to our farmers.  Our decision to invest in customer innovation and new product development is also starting to bear fruit as we extend our range and reach into new markets, creating an even greater demand for our products.”

In response to recent meetings with producers, last month Meadow Foods also announced the launch of a fixed forward pricing scheme for the first time.  The forward fixed price, offered on a percentage of a producer’s total yield, will be a guaranteed 28 ppl for a 24 month period from 1^st July 2018 to 30^th June 2020.  Producers who take up the scheme will be automatically allocated some fixed price litres from their A litre volume. The price will be paid on a flat rate basis on all the fixed price litres allocated, approximately 2.6% of a producer’s last year’s total annual production from April 17 to March 18.

In May, the company also launched its Young Farmers Initiative designed to give young people involved in Dairy agriculture key business skills and dairy industry knowledge.  The programme, which is now open for applications, will kick off in October 2018 and will see Meadow Foods invest in the sponsorship, training and development up to 20 participants over a two year period.   The programme is designed to provide both on-the-job training and the sponsorship of targetted course fees.

For more information on Meadow Foods or their Young Farmer initiative visit, www.meadowfoods.com.