Meanwhile, Arla Foods is holding its current price for July. First Milk’s price increase applies from August 1 and takes its manufacturing standard litre to 31.0p/litre. The price includes the member premium payment for milk with 4.2 percent butterfat and 3.4 percent protein. For the current milk year, the member premium is being held at 0.5p/litre, payable to those who have reached their capital target. The payment is made at the end of each milk year and for 2020-21 was worth £4,800 to the average member. It is First Milk’s fourth consecutive monthly rise and vice-chairman Robert Craig, an Ainstable dairy producer, said the uptick was due to capital investments in efficiency and productivity at its processing sites. “We continue to deliver solid business performance and this increase reflects our aim to maximise our returns to members, particularly at a time when we know input costs are increasing at farm level,” Mr Craig said.
First Milk s New Cheese Chill Plant Exceeds Ecodesign Regulations Minimum Energy Efficiency Requirements by 75 2%
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But Arla producers will see an unchanged milk price for July
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New appointment: Michael Fletcher joins First Milk FARMER S co-operative, First Milk has this week announced the appointment of Michael Fletcher as a non-executive director. Michael is currently Chief Commercial Officer at Co-op Food where he has led the Trading, Product Development, Technical, Supply Chain and Sourcing Policy teams in the development and deployment of the Co-op Food proposition. His current focus is on the development of Co-op’s new business propositions, the introduction of an SAP Enterprise platform and the delivery of their ambitious Climate Change strategy and broader social goals. Prior to joining the Co-op, he worked at Tesco in a number of senior director-level commercial roles, both in the UK, Europe and Asia.