30 January 2015 | Online since 2003



6 March 2014|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.”

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


14 January 2015
Rounds Person
Cotteswold Dairy Ltd was established in 1938 and is one of the UK’s leading independent, family-owned dairies....

10 January 2015
Butchery Manager
Our client has two shops based in Twickenham and on our farm near Overton, North Hampshire that sells produce from our organi...

15 January 2015
Temporary Bakery Assistant (Part Time)
We have a small commercial kitchen & bakery based on a farm in South Barrow, Somerset. £8.00 - 8.50 per hour Depending on...

22 January 2015
Sales Manager Uk & Ireland
Their products are used in a diverse range of sectors including flexible film, packaging, food service, agriculture and indus...

15 January 2015
Office Administration Apprentice
Park Farm Industrial Estate. To support the Office Manager and the team in organising, delivering and controlling all aspects...




Top stories you may have missed
12 November 2014 | Arable
GM crops 'good for farmers and the envir...

GM crops 'good for farmers and the envir...

GM crops are good for the economy and can reduce the amount of pesticides u...


6 November 2014 | Cattle
Smaller European markets drive beef expo...

Smaller European markets drive beef expo...

Demand from smaller European markets has helped drive strong growth for UK ...


6 November 2014 | Agri Safety
Lack of engineers a 'ticking time bomb' ...

Lack of engineers a 'ticking time bomb' ...

A lack of engineers, not enough people promoting the land-based industries ...


4 November 2014 | Bees and Beekeeping
Bee action plan due: Last chance for bee...

Bee action plan due: Last chance for bee...

Environment Secretary Elizabeth Truss is launching the National Pollinator ...


4 November 2014 | Arable
Experts welcome financial boost for youn...

Experts welcome financial boost for youn...

Agricultural specialists have welcomed a potential financial boost for youn...


3 November 2014 | News
Supermarket competition on prices 'risks...

Supermarket competition on prices 'risks...

As retailers continue to participate in a highly competitive race to the bo...


31 October 2014 | Arable
New Defra farm figures 'underline volati...

New Defra farm figures 'underline volati...

New farm business income data from Defra, which focus on income from March ...


30 October 2014 | Agri Safety
Agriculture remains one of UK's most dan...

Agriculture remains one of UK's most dan...

Agriculture has remained one of the industries in which workers are most li...


29 October 2014 | Finance
UK farmland prices see 'substantial grow...

UK farmland prices see 'substantial grow...

Prime arable land in the UK has seen a substantial year-on-year growth in p...


27 October 2014 | Arable
Satellites to help farmers pinpoint dise...

Satellites to help farmers pinpoint dise...

A new mobile app for farmers able to pinpoint and identify disease, pests a...