Milk prices to go down even more in UK from June
Dairy Crest and Muller announced that their farmer suppliers will endure further price cuts from June.
Müller announced a reduction of 0.49 ppl to its standard milk price from 1 June.
The average standard liquid milk price for Müller Milk & Ingredients is 19.11 ppl with an additional supplementary payment to be confirmed (currently 2.05ppl), though suppliers to the former Muller Wiseman milk group are receiving 18.66ppl and ex-Diary Crest suppliers (Müller Direct Milk) are on 18ppl before supplementary payments.
The Bavaria-based processor said the cuts are the product of “The continuing impact of depressed markets resulting from strong supply and high stock levels.”
Dairy Crest - which was acquired by Muller in late 2015 - also announced a reduction of its Davidstow milk price on Friday. Prices will be cut by 1 ppl from 1 June 2016.
Dairy Crest said the reduction had been agreed with DCD and applies to all farmers supplying Davidstow. From June, the Davidstow core milk price will be 21.72ppl. ■