FDBusiness.com

First Milk Inceases Milk Price For Farmers

 Breaking News
  • Irish Supermarkets Benefit From the Christmas Spirit The latest grocery market share figures from Kantar Worldpanel in Ireland, for the 12 weeks ending 31 December 2017, reveal that shoppers spent an extra €90 million on groceries over the festive period. David Berry, director at Kantar Worldpanel, comments: “Over the Christmas period the average household spent a record €1,532 on groceries – an increase of [...]...
  • Britvic Continues to Put Health at the Heart of its New Sustainable Business Programme Britvic has launched ‘A Healthier Everyday’, its new sustainable business programme which builds on its commitment to: help consumers make healthier choices; support the well-being of communities; and minimise its impact on the planet. The creation of ‘A Healthier Everyday’ follows a review by the company into how it can ensure that its sustainability programme is [...]...
  • Bayn Europe Sets Up Chinese Subsidiary For Sugar Reduction Bayn Europe AB has signed a joint venture agreement with real estate development company HuaHe International Asset Management to introduce sugar reduction to the China market. Both partners agreed on a co-operation model and mutual commitments for the set up of joint venture. Bayn will hold 65% of equity and HuaHe will hold 35%. Further to [...]...
  • Ishida X-ray Flexibility Ensures Premium Product Quality Ishida X-ray inspection technology is helping to maintain the premium quality reputation of one of Russia’s most popular traditional snack brands. The ‘ROSTRAGROEXPORT’ company was founded by Mr Boris Aleksandrov in 1995, who spotted a niche in the Russian food market for a good quality traditional curd snack.  Its ‘B.Y. Aleksandrov’ brand, named after the company’s [...]...
  • ‘Latte Levy’ – Coffee Drinkers Want to Go Green, But Price is a Barrier As the UK Government aims to eliminate avoidable waste with the announcement of its 25-Year Environmental Plan, Mintel research reveals that Britain’s coffee shop drinkers are happy to do their bit for the environment, but not at any cost. 40% of out of home hot drinks consumers wouldn’t mind paying extra for drinks served in 100% [...]...

First Milk Inceases Milk Price For Farmers

First Milk Inceases Milk Price For Farmers
September 20
15:58 2012

British farmers dairy co-operative First Milk is increasing the standard litre price it pays to producers in its liquid milk pool by 2.6ppl and by 1.25ppl for producers in its balancing pool. The price increase of 2.6ppl for producers in First Milk’s liquid pool will lift their standard litre price to 28.65ppl. Producers in First Milk’s balancing pool will see their standard litre price move to 27.35ppl.

Due to the fact that increased returns from the marketplace will be staggered over October and November, the company will move the liquid pool price in two stages: 1ppl from 1st October and 1.6ppl from 1st November. The balancing price will also move in two stages: 0.5ppl from 1st October and 0.75ppl from 1st November.

As a result of a solid trading performance in the six months to March 2012, First Milk will also pay out a 3% return on members’ capital account balances in October.

When combined with the payment that members received in January (return on capital) and April (dividend payment), in 2012 alone First Milk is paying out a 9% return on investment for active and retired members. This equates to a return of £2,700 across the year for an average 1 million litre producer.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • January 16, 2018Sival Plant Production Trade Show
  • January 17, 2018Anfas Food Product
  • January 17, 2018Dutch Organic Trade Fair
  • January 19, 2018International Green Week
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements