Müller will start the new year by adding a further 2.5ppl to the milk price it offers farmers, building on its 2ppl uplift which takes effect from 1 December.
The move means Müller’s farmers will have seen their headline milk price increase by an average of 7ppl in the four months since 1 October.
The actual price paid to Müller’s farmers on non-aligned contracts for January is expected to be 26.54ppl. This includes a standard price of 25.44ppl plus the separate retailer supplement estimated to be 1.1ppl in January.
“We are delivering on our commitment to offer a competitive and stable milk price throughout the market cycle,” said Lyndsay Chapman, Agriculture Director at Müller Milk & Ingredients.
“We know that farmers place a high value on the security of a contract with a dairy company who is investing for the long term and not so directly linked to volatile commodity returns which can change rapidly, exposing them to high levels of downside risk.”
By: The CattleSite News Desk
Source: The Dairy Site