Dairy Crest is announcing a 1ppl increase to its milk price from 1 September 2016. This has been agreed with Dairy Crest Direct (DCD). This means the Davidstow core milk price will be 22.72ppl* from 1 September 2016, ensuring it remains one of the most competitive milk prices in the UK.
Ruth Askew, Head of Procurement at Dairy Crest, said:
"We are increasing our milk price against a backdrop of falling UK milk production. Dairy Crest wanted to reflect this in our milk price as soon as possible.
We are proud that the Davidstow contract has remained one of the most competitive milk prices in the UK throughout extreme downward pressure on the supply chain. We hope that this positive news will provide our farmers with some confidence as we head into the Autumn.
We are confident our business strategy is creating exciting opportunities to add value to milk produced by British farmers, such as our move into production of Infant Formula ingredients. The strength of our portfolio of market-leading brands, including Cathedral City, in addition to our new product streams, ensures we offer a secure, sustainable and growing partnership model for our supplying farmers.”
DCD Chairman Steve Bone commented:
“As a dairy farmer and chairman of DCD, I am very pleased that Dairy Crest is increasing the milk price by 1ppl from September 2016. This has further enhanced their position, paying a leading market price for milk for cheese.”