DAIRY CO-OP First Milk has announced that its member milk price will increase by 0.5ppl on a manufacturing basis from May 1 this year, taking it to 29.43pence per litre.
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Cows at grass

The co-op is now reporting its price changes against a manufacturing standard litre as all its members are now being paid on manufacturing contracts. It stated that the manufacturing spec of 4.2% butterfat and 3.4% protein also more accurately reflected the quality of milk being produced.

Its members will also receive their member premium on April 20 for the milk they produced in 2020/21 milk year. For the average member, this will be just over £4800.

Commenting on the milk price increase, Robert Craig, farmer director and vice-chairman, said: “I am delighted we are able to increase the price paid to our members. It goes some way to reflect the increasing costs they are experiencing in their businesses.”

THE Dairy Industry Code of Conduct has brought about a “significant culture change” within the dairy sector and helped increase competition at the farmgate, according to Australian Competition & Consumer Commission deputy chair Mick Keogh.

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