03 July 2015 | Online since 2003

Wiseman confirms milk price reduction



30 June 2012 18:39:58|Dairy,News

Wiseman confirms milk price reduction


Robert Wiseman Dairies has given its dairy farmer suppliers a month’s notice of a 1.7 pence per litre (ppl) reduction in the farm-gate milk price, to take effect from August 1, 2012.

The decision follows a collapse in the value of the cream in each litre of farm-gate milk over the last 12 months. From its peak, the commodity fell in value by the milk price equivalent of more than 5ppl. (source DairyCo Datum)

Wiseman had hoped that the need for further adjustment to its milk price following a 2ppl reduction which took effect in June could be negated by a sustained and significant rally of commodity market values.

But whilst markets have improved from the lows of recent weeks, they remain at levels not seen since early 2010, when the average DEFRA milk price in the UK was 24.19ppl. Wiseman’s standard litre price from August will be 24.73ppl.

Pete Nicholson, Milk Procurement Director at Robert Wiseman Dairies said: “We know that this news will come as a major disappointment to Wiseman Milk Group members.


“We have done everything we can to minimise the reduction in our farm gate milk price but we must now reflect the substantially lower returns from the markets which we serve.”

Roddy Catto, Acting Chairman of the Wiseman Milk Partnership said: "Many WMG members are still coming to terms with the 2ppl cut in June and to be faced with a further 1.7ppl cut will be devastating. The Wiseman Partnership Board put forward a very strong and justifiable case to keep the milk price as is. We have been unable to change the company position and as such we certainly do not give this move our approval. We will however continue to work with the Company to build a recovery back to milk prices that reflects a more sustainable position for our members at the earliest opportunity."


Download




Comments


30-06-2012 18:44 PM | Posted by: Roger
Wiseman with all their fancy trucks thinks it's acceptable to pay dairy farmers less than the price of production. I wonder how long they would find it acceptable to sell the milk on at less than their handling.

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


Start Date: 2 July 2015
G214: Livestock Sales Specialist - Midlands

A fascinating career vacancy has arisen for an experienced Livestock Sales Specialist to enhance the Midlands team and grow a...


Start Date: 2 July 2015
G215 : Regional Business Manager, Ruminant Feed Products - Wales

An opportunity has arisen for a Regional Business Manager for Wales. Our client is a well known and very successful private i...


Start Date: 28 June 2015
Job General farm worker on dairy farm in Northumberland

General farm work to include relief milking in new Delaval 28:28 parlor, calf rearing, slurry tanker, trailer, and kennan fee...


Start Date: 27 June 2015
Job for arable foreman with PA1 and PA2 >>> Newport Pagnell

Family arable farm and contract business working over 2000 acres plus a straw business needs a new foreman who has experience...


Start Date: 23 June 2015
Job for Enthusiastic person or possibly couple required for family run dairy herd. Job in Scotland.>> Dumfries

Experienced milker required to assist owner and take an increasing level of responsibility in a modern unit.&n...





Top stories you may have missed
5 June 2015 | Cattle

A strong pound and increased red meat imports coupled with a plentiful dome...


5 June 2015 | Arable

Depression is affecting Wales' farming industry and there is a need to use ...


5 June 2015 | Arable

With just one week to go before the final judging and announcement of the w...


5 June 2015 | Finance

A rural law expert has highlighted the importance of good succession planni...


5 June 2015 | Farmshops

A south Yorkshire dairy farming family is pulling out all the stops to prom...


4 June 2015 | Finance

Predicting what is going to happen to wheat prices is a challenge, but in s...


4 June 2015 | Agri Safety

A Lancashire based livestock theft prevention scheme is aiming to go nation...


4 June 2015 | News

A female farmer has been recognised by the farming and conservation industr...


4 June 2015 | Finance

The new Conservative government appears to be preparing to implement cuts f...


4 June 2015 | Arable

The Rural Payments Agency (RPA) will have mobile support units at the follo...