Dairy Crest To Cut Its Milk Price In February

Dairy Crest has announced that it will cut the price it pays its suppliers for milk from next month.

Customers on its standard liquid contract will see a 1.75p/litre reduction, while those on the Davidstow contract will have their price cut by 1p/litre.

The announcement follows similar cuts made by Arla and First Milk earlier this month.

As with those two milk buyers, Dairy Crest blamed the cuts on falling dairy commodity markets and difficult trading conditions in the current economic climate.