Auto Trader Ltd
Farminguk
28 June 2016 | Online since 2003
Less co2 Limited


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



0 Comment


Name

Please enter your name


Email

Comment

Please enter your comment


Post Comment

Your comment submitted successfully.Please wait for admin approval.


Comments

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


New Zealand | 27 June 2016
Farmers need to use social media to get the farm story out

Rural people need to tell their farm stories to customers on social media, such as Facebook and Twitter, says a media consultant. Grassroots Media owner and consultant Chelsea Millar told about 30 ...


USA | 27 June 2016
Experts urge chicken Nebraska farmers to read contracts before signing

Tim Mueller farms about 500 acres near Columbus. He always considered the farm too small to support himself and his sons, 31 and 23. Then he heard about Costco Wholesale Inc.’s plans to build a chi...


India | 27 June 2016
Dairy farmers find the going tough

Dairy farming, which has been proposed and encouraged on an extensive basis in the district as an alternative livelihood for the drought-ridden farmers is fast losing its charm among the farmers, if t...


France | 27 June 2016
Milk farmers sour as quota end brings price crash

A surge in milk production since the EU lifted milk quotas has skimmed profits for dairy farmers, leaving them sour as authorities struggle to get to grips with the crisis. Last year the European U...


China | 27 June 2016
China is encouraging its consumers to eat less beef

Following a review of its dietary guidelines, the Chinese government is now encouraging its consumers to eat less meat. Under the new guidelines, China is recommending an upper limit on meat (beef,...



Trending Now

Viewed
Discussed

Farms and Land for sale

PropertyLocation
PropertyAgent
PropertyMinimumPrice
PropertyMaximumPrice
PropertyCategory

Holiday Rentals search

AccommodationKeyword
AccommodationType
AccommodationCounty
AccommodationStarRating


Top stories you may have missed
closeicon
Username
Password