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Price cuts by milk buyers

By North Devon Journal  |  Posted: May 08, 2014

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MORE milk buyers have announced price cuts following the Arla decision towards the end of April.

Müller Wiseman will reduce its standard litre price to 32ppl from June 1, a reduction of 1.6ppl.

The company has said it will affect those farmers who are part of the Müller Wiseman Milk Group and is due to "cyclical supply and demand volatility throughout Europe, and significant weakening in returns from globally traded commodities".

Both the Arla and Müller Wiseman price decreases have been linked to falling commodity markets.

Although buyers are under pressure to find more milk supply, once a big processor decides to cut price, others seem to find it easier to follow suit, including Wyke Farms (-0.5ppl from June 1) and Paynes Dairy (-0.8ppl from May 1).

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