28 February 2015 | Online since 2003



30 April 2014|Dairy,Finance,News

Muller cuts milk price from June


Müller UK & Ireland Group has confirmed a cut to its milk price to 32.00ppl from June 1.

The 1.6ppl adjustment to the Müller Wiseman Milk Group (MWMG) standard milk price from June 1 reflects cyclical supply and demand volatility throughout Europe which has seen milk production hitting record levels and a significant weakening in returns from globally traded commodities like cream and butter.

In the 20 months since August 2012, farm-gate milk prices offered by Müller have risen by 36% to their current level (from 24.73ppl to 33.60ppl), and the company has stressed that whilst it must adjust its milk price from June to reflect current lower realisations, the long term outlook for the British dairy industry remains positive.

Martin Armstrong, Head of Group Milk Supply for Müller UK & Ireland Group said: “Across Europe, farm-gate milk prices are reducing to reflect market changes. Whilst any correction in the farm-gate price is disappointing, the market is simply responding to higher levels of supply and a weakness in demand for dairy commodities.

“Our focus is on minimising the impact to the dairy farmer members who supply us directly with their milk and ensuring that the milk price proposition we offer remains competitive over the long term.

“Whilst UK farmgate milk prices are not immune to volatility and will be subject to increases and decreases over time, we believe that future prospects for British dairying are strong.”

Roddy Catto, Chairman of the Müller Wiseman Milk Group Board which represents dairy farmers who supply Müller said: “Unlike the situation facing our colleagues elsewhere in the industry, this agreement means no immediate price cut for May.

“Whilst the board is disappointed with a decrease from June, it is clear that given production levels off farm both locally and globally have been high and commodities are currently on a downward trend, the MWMG price is likely to be amongst the most attractive available to farmers who are not part of supermarket groups.

“We have worked constructively with Ronald Kers and his team on this issue to minimise the extent of this reduction and will continue to do so on behalf of the MWMG members.”

Download



Comments


No comments posted yet. Be the first to post a comment

To post comment without approval login or register

Display name

Please enter your name

Email (optional)
Comment

Please enter your comment

Post Comment

Your comment submitted successfully.Please wait for admin approval.

Some error on your process.Please try one more time.



Jobs


9 February 2015
Part Time Book Keeper & Office Administrator
Position in the Community Farm. The Community Farm Commercial Operations Manager. THE COMMUNITY FARM BOOK KEEPER AND OFFICE A...

19 February 2015
Supply Planner
We’re creating a brand new, state-of-the art Supply Planning Hub to get great brands like Oreo, Cadbury Crème Eggs, Dairy Mil...

18 February 2015
Catering Assistant
Warren Farm Lodge, 123 Warren Farm Road, Kingstanding, Birmingham, West Midlands, B44 0PU. As and when required....

17 February 2015
Golf & Grass Machinery Service Manager
Golf & Grass Machinery Service Manager We are looking for a Service Manager to, maximise efficiency and profitability, to gro...

26 February 2015
Registered Childminder Needed For My Son In Stonehaven DD9
My son is dairy free, 4 year old, I am a single mother. I need someone near Stonehaven DD9, between Stonehaven and St....




Top stories you may have missed
2 February 2015 | Arable
Is EU membership damaging UK farming?

Is EU membership damaging UK farming?

Membership of the EU is damaging the British farming industry, according to...


29 January 2015 | Machinery and Equipment
Drones 'rapidly changing' agriculture

Drones 'rapidly changing' agriculture

BASIS has launched an accreditation for pilots of Unmanned Aerial Systems (...


23 January 2015 | Arable
UK wheat yields have potential to double

UK wheat yields have potential to double

UK wheat yields have theoretical potential to more than double over the nex...


23 January 2015 | Machinery and Equipment
Crowds flock to LAMMA 2015

Crowds flock to LAMMA 2015

Britain’s farmers flocked to Peterborough for the first day of LAMMA’15 to ...


22 January 2015 | Cattle
Don't blame supermarkets for milk crisis...

Don't blame supermarkets for milk crisis...

The crisis in the dairy industry is not the fault of supermarkets, accordin...


16 January 2015 | CLA
Families affected by HS2 face 'major wor...

Families affected by HS2 face 'major wor...

Transport Minister Baroness Kramer visited three rural businesses in Cheshi...


16 January 2015 | Machinery and Equipment
John Deere unveil new 6R tractor range

John Deere unveil new 6R tractor range

Spearheading the John Deere range of mid-size tractors from Mannheim, the n...


14 January 2015 | Animal Health
Monthly TB checks more effective than ba...

Monthly TB checks more effective than ba...

Regular testing for bovine TB could significantly reduce the number of infe...


12 January 2015 | News
Government regulations hampering UK agri...

Government regulations hampering UK agri...

Single-issue policy-making threatens to hamper, not help, the progress of U...


8 January 2015 | Cattle
2015: The year ahead for the beef market

2015: The year ahead for the beef market

2014 has been a “rocky old year” for the beef industry but better prices ar...