Direct Milk DPO has raised its formula milk price by 1.298p per litre to 31.188p per litre for January.
The January 2017 Müller Direct Milk DPO Formula price calculated from the November AHDB Dairy review of the five parameters used, delivers an increase of +1.298/l – and takes the Formula price back up to exceed 31p/l for all litres priced by Formula.
But as Müller Milk & Ingredients served notice on the Formula Mechanism back in January 2016, less than a month after it acquired this contract through the Dairy Crest business purchase, and after almost 4 years of operation, this will be the last Formula milk price review.
Standard litre prices of 31.188p/l for those supplying via the Simplified & Core Formula Contract (July/Oct 2014 applicants), and 31.378p/l for Core Formula Contracts incl the April 2014 sign up +0.19p/l premium. These prices comparing extremely closely with the most recent AHDB AMPE market indicator of 31.50p/l.
