04 July 2015 | Online since 2003

First Milk cuts price as downward dairy trend continues



3 June 2014 09:04:10|Dairy,Market Reports,News

First Milk cuts price as downward dairy trend continues


From 1 July the milk price for First Milk’s manufacturing pool will be cut by 1.15ppl.

First Milk chairman Sir Jim Paice MP said: "Unfortunately the downward trend within dairy commodity markets has continued, albeit the rate of fall has thankfully slackened in recent weeks.

“While the peak of our domestic spring flush has passed, the global dairy market remains uncertain and we continue to watch it carefully.

“The investments we have made in areas like sports and lifestyle nutrition are now beginning to pay off and over the longer term these will transmit into milk price.”

Following up on a commitment to transparency and accessibility, which he made when coming into office last autumn, Sir Jim will be commencing a national series of farm roadshows on the 12th June.

This will see him visit every region of First Milk’s membership and for the first time these events will not only be open to First Milk members, but also to any other dairy farmer who is interested to hear more about the business.

Dairy Crest also announced a price cut of 1.25 ppl for farmers on standard liquid contracts from 1 July. The new price will be 31.2 ppl after the cut.

The company said the liquid price move reflects market conditions, with high levels of production and reduced dairy market returns.

Mike Sheldon, Dairy Crest Group Procurement Director, said; “The reduction in the price for our standard Liquid contracts reflects the lower returns from our markets following a period of record milk production. I recognise a price decrease is disappointing for our farmers but we have delivered on our commitment to strive for stable pricing by adjusting the price by less and later than our competitors.

“I’m confident that we have a compelling package for our farmers, offering flexibility and choice and a comprehensive farm support service. From July we will be offering a further volume of milk priced according to our innovative Formula contract options. Also, all farmers supplying Dairy Crest continue to benefit from their milk not being subject to capital deductions or other hidden costs.

"I am pleased to deliver further stability on our cheese price for Davidstow farmers. As our successful Cathedral City and Davidstow cheese brands continue to grow, we need more milk for our Davidstow Creamery."

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


Start Date: 27 June 2015
Job for  Harvest worker required July - October

2000 acre North Essex arable farm requires harvest worker for grain carting,relief combine driving and autumn cultivation wor...


Start Date: 3 July 2015
A428: Technical Service Specialist - West Midlands

An exciting career opportunity has arisen with a leading agricultural machinery manufacturer for a Technical Service Speciali...


Start Date: 3 July 2015
M485: Sales & Marketing Manager - Biosolids

Senior role, leading established sales & marketing team in the East of England and the Midlands - selling branded biosolids p...


Start Date: 23 June 2015
Harvest and Autumn / general farm worker, who is a skilled tractor driver.>>> Mendlesham  ,Nr Stowmarket , Suffolk

Family farm requires a tractor driver /general farm worker who is competent in all tractor manoeuvres .  

Some of th...


Start Date: 23 June 2015
Job for Pig Stock Person / General Farm Worker>> Saltburn, Cleveland

Stockperson and General Farm Worker Required on a Pig Breeder/Finisher Unit with Arable.

Day to day pig stock work and so...





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...