Farming News - Meadow Foods To Increase Milk Price In June & July
Meadow Foods To Increase Milk Price In June & July
Meadow Foods has announced that it will be increasing its milk price by 1ppl from 1st June for producers covering Cheshire, Shropshire, Staffordshire, North Wales, Derbyshire, Worcestershire and Yorkshire, taking their standard A litre milk price to 26ppl. Producers, located in Cumbria, The Lake District and South Wales, will see an increase of 2ppl taking their standard A litre milk price to 24ppl. All changes will apply to the flat rate element on the price schedule.
The company has also announced that producers, located in Cumbria, The Lake District and South Wales, will see a further increase of a minimum of 1ppl from the 1st July, taking their standard A litre milk price to 25ppl.
Mark Chantler, Chief Executive of Meadow Foods, comments: “By delaying the announcement of our June milk price, we have had a better opportunity to understand how the current Covid-19 crisis is impacting on the dairy markets and how we in turn manage the supply and demand challenges within our own business
“Over the last month we have seen that the market remains extremely challenging, however there have been improvements to the price of cream, butter and skim. We will continue to monitor the markets closely and hope to be able to continue to pass any additional improvements on to producers as soon as possible.”
Meadow Foods is a leading supplier of value-added ingredients to the food industry. The award-winning company employs more than 400 people across four BRC AA accredited sites in Chester, Peterborough, Holme-on-Spalding Moor and Dolgellau where they process more than 550 million litres of milk each year in the manufacture of value-added dairy ingredients. The business operates 7 days a week providing ingredients for some of the world’s best known food manufacturers and food service operators.