First Milk has announced its milk price to members will fall by between 0.10ppl and 0.35ppl in May.
Clive Sharpe, First Milk chairman said: “After total increases of 10ppl since last summer, it is disappointing to have to reduce our milk price.
“However, consistent with our business operating model, we will continue to pay a milk price that relates to our returns.”
It follows Dairy Crest’s announcement it would drop its price by 1ppl in June, 1ppl in July and then hold until September.
Barber’s has also announced it will hold its price for June.
Source: FG Insight