First Milk has confirmed that its member prices will rise by between 1ppl and 1.1ppl from 1st October 2017 as a "result of strengthening markets".
The dairy company said that improved business performance has also led to an increase.
First Milk has confirmed that its member prices will rise by between 1ppl and 1.1ppl from 1st October 2017.
Chairman Clive Sharpe commented: “We are pleased to announce our third consecutive price lift and expect to be able to deliver further increases on members’ milk price based on the strengthening market plus productivity improvements and efficiencies across First Milk.”
Vice Chairman Nigel Evans added: “Members will be particularly pleased to see that the business is improving its productivity and efficiency given that these were outlined as key priorities at the farm roadshows last month.”
First Milk is the UK's only major dairy company 100% owned by British farmers.
