The move, an increase of 1ppl on the August rate, follows ‘a review of market conditions as we move into the autumn/winter period’.
In a statement, the Co-op said it was committed to working with the group to provide ‘not only a sustainable milk price but also a package of benefits designed to improve profitability’.
Steve Murrells, chief executive, The Co-operative Food, said: “We are in continuous dialogue with our farmers and keep our payments under constant review.
“We are making this move in recognition of the increasing input costs as we approach the autumn period, in particular animal feed prices, and the poor silage crop as a result of the unprecedented wet summer weather.”
Source: NFU
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