Agri-Shop Ltd
23 October 2016 | Online since 2003
Scrutton Bland

FarmingUK Logo
6 March 2014 05:16:22 |Dairy,Finance,News

Muller Wiseman formula price set at 3ppl

Müller UK & Ireland Group has confirmed that its opening ‘Müller Wiseman Formula Price’ from April 1st 2014 will be 33.00ppl.
In a letter to all non-aligned members of the Müller Wiseman Milk Group, the company confirmed that it is to make 150 million litres available within the contract which links milk price directly to the value of global commodities and a basket of competitor prices.
Prices paid to dairy farmers who sold milk to the company through the Müller Wiseman Formula Price surged to 34.62ppl in the last quarter of the 2013/14 year but have softened as the new milk year approaches reflecting recent changes in the value of commodities and the year end competitor price re-balance.
Martin Armstrong, supply chain planning director for Müller Wiseman Dairies, said: “The formula price performed very well in 2013 in a strengthening market for global dairy commodities.
“By its nature this contract is likely to be more volatile than the company’s standard litre price (currently 32.50ppl plus 1ppl recruitment and expansion bonus) with higher peaks and lower troughs but farmers who opted to sell a proportion of their milk to us in this way over the last year have enjoyed strong returns.
“The current Müller Wiseman Standard Price will remain the default for non-retailer aligned suppliers to the company but the ‘Formula Price’ will again appeal to those who are happy to take the risk and the reward associated with aligning themselves with volatile European and Global commodity markets.”
“We ask for farmers who are interested to commit a minimum of 10% of their production to this contract and to notify us in writing by 21st March, 2014.”


0 Comment


Please enter your name


Please enter your email

Please enter valid email


Please enter your comment

Post Comment

Your comment has been submitted successfully. Please wait for admin approval.


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

Australia | 21 October 2016
Local bloc seeks to counter bid for Australian cattle empire

Nationalist lawmakers have teamed up with local ranchers to try to counter a bid involving Chinese buyers for the S. Kidman & Co. cattle empire, in what would be one of Australia’s biggest agribusines...

USA | 21 October 2016
Arizona farmers give back by donating milk to food banks

43 million gallons of milk have been dumped in fields across the country since the start of the year. That's why many American farmers have been forced to do with lower milk prices not bringing in...

USA | 21 October 2016
Your groceries may be cheaper, but farmers and supermarkets feel the pain

If you’re just a little irked that gasoline prices have edged up recently, maybe this will cheer you up: Groceries are a bargain. Average supermarket prices fell 2.2% in September from a year ago, ...

Canada | 21 October 2016
Farmers fail to rally to tax revolt talk

If farmland property taxes are too high, don’t pay them. That’s what Dugald farmer Edgar Scheurer suggested while commenting on Facebook about Manitoba Co-operator stories on skyrocketing farmland ...

United Kingdom | 21 October 2016
Woman killed in cattle attack on family farm

A woman has been killed after she was attacked by cattle on a family farm in Co Derry. The pensioner, who has been named locally as Brigid McKeefry and is aged in her 70s, was rushed to the Causewa...

Trending Now


Top stories you may have missed