Plenty of milk processors have introduced value holds for July and August, with the market showing to stabilise after greater than six months of falling farmgate milk costs.
Arla is holding its on-account value for July at 35.12p/litre for the standard manufacturing litre, whereas First Milk is holding costs into August at 36.85p/litre, together with the member premium.
Robert Craig, First Milk’s farmer director and vice-chairman, mentioned: “Whereas there continues to be uncertainty within the wider financial system, dairy markets seem like stabilising at current and we proceed to work onerous to maximise milk value returns for our members within the months forward.”
See additionally: Natural milk sector extends premium over standard market
This level was reiterated by Paul Savage, agriculture director at Arla UK, who mentioned that after a interval of negativity, it was welcoming to see commodity markets get better and the outlook stabilising.
Dairy farmers supplying Barbers Cheesemakers will obtain a rise of 0.75p/litre in August, placing its normal manufacturing litre at 37.79p/litre, based mostly on 4.2% butterfat and three.4% protein.
Nevertheless, Muller has dropped its milk value by a penny in August to 37p/litre for the standard liquid litre of 4% butterfat and three.3% protein.
Richard Collins, head of agriculture at Muller, mentioned: “We should mirror persevering with market stress with provide remaining forward of forecast. We stay dedicated as at all times to paying a aggressive milk value and guaranteeing safety of provide.”
