Farming News - Meadow Foods will reduce its milk price by -0.75ppl from April
Meadow Foods will reduce its milk price by -0.75ppl from April
Meadow Foods has announced that it will be reducing its milk price by -0.75ppl from 1st April, taking their standard A litre milk price to 26.75ppl. The change will apply to the flat rate element on the price schedule.
Despite some initial worries over forage stocks this winter, milk volumes are significantly ahead of previous years. Market prices had been holding up due to lower milk production on the continent, however, both UK and European milk volumes have now started to pick up pace. This increased volume has resulted in the price of cream falling from £1.70 to below £1.50 per kilo in the last two weeks alone.
Mark Chantler, Chief Executive of Meadow Foods, comments: “Despite holding our price for consecutive months, the increased volume of milk on the market and reduced price of cream has forced us to react to market pressures. As we head into the flush, we will continue to closely monitor volumes and how they will impact the market as well as the potential effects of Brexit.”
Meadow Foods is the UK’s largest independently owned dairy group and leading supplier of quality dairy ingredients to the food industry. The award winning company operates from BRC A and AA accredited sites in Chester, Peterborough and Holme-on-Spalding Moor where they manufacture value added dairy ingredients 7 days a week for some of the UK’s best known food manufacturers. Meadow Foods currently employs more than 300 people and handles in excess of 650 million litres of milk each year direct from over 650 farmer suppliers from across the UK.