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Robert Wiseman Dairies confirms today that it will hold its milk price for Wiseman Milk Group members for August.

The decision takes account of concerns raised since we announced a 1.7ppl reduction in our ex-farm price from 1 August 2012. This followed the significant loss of income we suffered further to the substantial decline in cream values experienced since the beginning of the year which left us unable to sustain the milk price we were paying.

The announcement of the reduction though coincided with a period of adverse weather conditions and rising feed costs for dairy farmers which we recognise has caused difficulties for farmers.

We have been engaging with our customers with regards to the exceptional circumstances facing the supply chain and the need for urgent and significant support. From our discussions to date, we are confident this support will now be demonstrated.

We welcome whole industry recognition of the difficulties facing farmers and the acknowledgement that fresh milk processors, even those that are as efficient and well invested as Wiseman, are under severe financial pressure.

We have confidence that we can work with our customers and farmers to address the obvious challenges that exist.