First Milk confirms A prices will rise in August

The farmer co-operative said it sees the market continuing to strengthen
The farmer co-operative said it sees the market continuing to strengthen

First Milk has confirmed that its A prices will rise by between 0.5ppl and 0.9ppl for August.

The dairy giant says this is due to increased market returns tracked by their basket mechanisms.

The farmer co-operative said it sees the market continuing to strengthen and it expects further upward movement in September.

Earlier this month, First Milk wrote to their members detailing plans to discontinue A&B pricing and introduce a Production Bonus from September.

August is therefore the last month where the B price is payable and this remains at 25ppl.

First Milk's new CEO Shelagh Hancock will lead farm roadshows across the UK during August where she will give members an update on business progress.

The roadshows will also feature Sean Rickard, chair of First Milk's Member Council, who will be sharing his thoughts on Brexit and implications for agriculture.