This industry leading return on members’ investment will be paid into Milk Link members’ bank accounts on 28 May 2010.
Commenting on the payment, Neil Kennedy, Milk Link’s chief executive, said: “This is the fourth year in a row that we’ve been able to make a processing interest payment to our members, and to date we have in total paid out in excess of £13m to them. The payment is a tangible reward for the investment and commitment of our members in building a major, added value dairy products business. It also demonstrates the solid performance of the business over the last 12 months despite the very difficult economic and trading conditions all in the dairy industry have faced.
“The processing interest payment follows on from our 0.5ppl increase in our member milk price effective from the start of May, and reflect our commitment to maximising returns to our farmer members.”
Source: Milk Link
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