Lactalis has introduced a significant increase in the price it will pay farmers in its Scottish milk field.
The multi-national dairy product corporation committed to doubling its previously announced November price increase from 1ppl to 2ppl.
For December, it is delivering a further 2ppl increase from 1 December.
This represents the 6th consecutive monthly increase and means that, from 1 December, milk prices will have broken back through the 25ppl mark.
This significant pricing commitment means Lactalis is now paying the industry leading price in the mainstream cheddar sector.
Matt Friel, Head of Milk Supply at Lactalis, said: “The first half of 2016 saw milk prices significantly and unsustainably depressed, with farmers in particular needing to see them recover fast.
“In support of the farming community and despite the challenging market, we predicted a strong recovery by the end of the year, and have worked hard with farmers and suppliers to deliver just that.
“We’ve successfully committed to increases for 6 consecutive months, equivalent to 8.5ppl increase since July.
“These latest increases mean that we’ll now be paying 23.0ppl from 1 November and 25.0ppl from 1 December. We now need to see the market continue to respond positively.”
