The cut means Meadow Foods’ 650 UK dairy farmers will receive 26p/litre for milk with constituent contents of 4% butterfat and 3.3% protein.
Manufacturing litres of 4.2% butterfat and 3.4% protein will also be hit by a 1.75p/litre drop, meaning producers in the Chester pool will receive 26.37p/litre and 26.25p/litre going to producers in Cumbria from next month.
The last confirmed Meadow B price was paid on January 2018 litres at 21.25p/litre paid above individual’s base volumes.
The cut is now Meadow Foods’ fourth in a row, seeing its farmgate price fall by 5p/litre in 2018 – a drop of 16%.
The processor blamed decreases in value of milk fats and skimmed milk powder, as well as an increase in UK milk production.
“We understand producers will be frustrated with this reduction, but this movement reflects weakening prices in the UK, which have also been reflected by other processors in their latest price announcements,” said Meadow Foods chief executive Mark Chantler.
“We regret this market trend and hope the price stabilises in the near term. We will continue to monitor the situation very closely.”
“We’d also like to extend our thanks for the assistance and understanding of all those affected by the severe weather over the past week. They were truly exceptional circumstances,” added Mr Chantler.
Any claim arising from the information contained on the eDairy News website shall be submitted to the competence of the ordinary courts of the First Judicial District of the Province of Cordoba (Primera Circunscripción Judicial de la Provincia de Cordoba), Republic of Argentina, in the city of Córdoba, excluding any other jurisdiction (Federal jurisdiction is also excluded).
Criteria in the moderation of comments that eDairy News will take into consideration in all its publications.
They will not be considered insults of any kind against anyone,, whether a user, moderator or publisher. Complaints made with the name and surname of the author of the commentary will only be accepted after confirmation by the moderator.
Unsubstantiated and gratuitous destructive criticism or expressions of bad taste, whether offensive, racist or xenophobic.
SPAM, (Insert links to web pages not related to the subject, provide emails, etc...)
Comments that are meaningless with the footnote or the dairy sector.