First Milk has confirmed that its member prices will rise by between 1ppl and 1.1ppl from 1st September 2017 as a "result of strengthening markets".
Last month the farmer co-operative wrote to their members detailing plans to discontinue A&B pricing and individual transport charges, plus introduce a Production Bonus.
These changes, which are aimed at incentivising milk production to meet growing customer demand, will also be implemented from 1st September 2017
First Milk chairman Clive Sharpe said: “Many members met our new CEO Shelagh Hancock at farm roadshows across the UK earlier this month.
“At these meetings she detailed the strong platform that we have in place, as well as further opportunities to improve productivity within the business.
“Work on a range of business improvements is currently being implemented, and the benefits will be returned to members in future milk price increases.”
Vice chairman Nigel Evans added: “We hope that this second consecutive milk price increase, along with the positive changes to our member payment schedules that will take effect from September, will give our farmers confidence as we move into the Autumn.”
In March, First Milk announced Shelagh Hancock as the company's new CEO after Mike Gallacher stepped down.
