FIRST Milk has announced that from April 1 it will change its regional milk pool pricing approach, simplifying its previous payment schedules to just two, First Milk Liquid and First Milk Manufacturing.
The development has been made in response to member feedback and is fully supported by the member council and board. It will see milk prices harmonised at a standard litre of four per cent butterfat and 3.3 per cent protein, with the April price on this basis being 26.0 ppl.
Jim Baird, farmer director and vice-chairman, said: ‘We know that this price drop will be disappointing news for our members and continue to do all that we can to minimise the impact of reductions.’