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Milk Link announces 0.75ppl in July Member Milk Price


Milk Link has announced a 0.75 pence per litre (ppl) increase in its Member milk price effective from 1st July 2010.  The increase means that Milk Links standard litre price for manufacturing milk will be 24.5ppl and for liquid milk 24.72ppl.

The latest increase follows a 0.5ppl rise in Milk Links Member price from 1st May and the payment, at the end of May, of a 3.3 million Processing Interest Payment (equivalent on average to 0.35ppl) as a return on Milk Link Members investment in their added value dairy processing business.

Commenting on the latest price rise Neil Kennedy, Milk Links Chief Executive, said: As a farmer-owned co-operative we are absolutely focused on adding value to our Members milk, maximising returns from the market and passing this back to Members as quickly as possible.  In this respect our latest price increase reflects a further improvement in our customer & product mix and success in securing improved returns from the market.  With regards to the latter, demand for British dairy products, and in particular cheese, is strong while at the same time stocks are continuing to tighten.

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 1st July, reflecting the general improvement in market returns.

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