First Milk, Arla Announce Further Cuts
If things weren't going bad enough for the UK dairy sector already First Milk & Arla have announced further milk price cuts.
First Milk has cut it's milk price by 1.25p per litre from April 1, blaming declining cheese and ingredients returns.
Arla has announced a 1ppl reduction from May 1, saying that they had "made the decision to drop the price to reflect the impact on Arla’s surplus cream returns."
Both companies, and their competitors, have cut prices steadily since the turn of the year blaming falling commodities markets, difficult trading conditions in the current economic climate and the European milk price slide.
First Milk has cut it's milk price by 1.25p per litre from April 1, blaming declining cheese and ingredients returns.
Arla has announced a 1ppl reduction from May 1, saying that they had "made the decision to drop the price to reflect the impact on Arla’s surplus cream returns."
Both companies, and their competitors, have cut prices steadily since the turn of the year blaming falling commodities markets, difficult trading conditions in the current economic climate and the European milk price slide.
