In compliance with the Voluntary Code that requires dairy companies to provide one month’s notice of a price movement, Müller has notified non-aligned dairy farmers who supply the company that the standard milk price from 3 August 2014 will be reduced by 1.2ppl to 30.80ppl.
“Market conditions remain very challenging, with returns from cream and butter significantly lower since the end of 2013,” said Martin Armstrong, head of group milk supply for Müller UK & Ireland Group. “Regardless of this loss of value from dairy commodities, which is already reflected by competitors in their milk prices, we remain determined to offer a leading milk price to dairy farmers who are not part of supermarket-aligned groups.
“We continue to believe that the underlying and future prospects for British dairying are extremely positive.”
Source: Müller UK & Ireland Group
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