First Milk has today announced that its milk price from April 1, 2023 will reduce by 3ppl, taking its price to 42.69 ppl for a manufacturing standard litre, including the member premium and regenerative farming bonus.
Commenting on the announcement, Robert Craig, farmer director and vice-chairman, said:
“Whilst dairy markets appear to have stabilised a little in recent weeks, there remains a significant disjoint between market prices and current farmgate milk prices. As a result, we must adjust our milk price to reflect the market returns. We know that this will be unwelcome news and we will continue to work to maximise our members’ milk price in the coming months.”