This is the second month in a row that Milk Link has increased its milk price, having raised it in July by 0.75ppl. Since the start of the new financial year, Milk Link has improved returns to members by 1.75ppl (not including the on average 0.35ppl paid to its members at the end of May in the form of a processing interest payment).
The latest increase means that Milk Link’s standard litre price for manufacturing milk will be 25.00ppl and for liquid milk 25.22ppl.
Commenting on the announcement, Neil Kennedy, Milk Link chief executive, said: “As a farmer-owned cooperative, we’re absolutely focused on providing a sustainable future for our members’ dairy enterprises. Central to achieving this is our ability to add value to their milk by processing it into high quality, great-tasting dairy products and passing the returns back to our members as quickly as possible. This latest price increase reflects the securing of improved returns from the retail and foodservice market sectors.”
Milk Link has also announced an, on average, 0.5ppl increase in the price paid for milk supplied by its non-member ‘direct’ dairy farmers effective from 1 August.
Source: Milk Link
© FoodBev Media Ltd 2019
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