First Milk co-op increases price

First Milk has announced a price increase of 1.2ppl from July 1. Jim Baird, the co-op’s vice-chairman and farmer director, said the company was striving to deliver as much stability as possible to members during the most recent period of volatility.

“It is encouraging to see that commodity dairy markets have been improving in recent weeks, and our price increase for July is a result of better returns coming through from the market, as well as improved business performance,” he said. “As always, we are focused on maximising member milk price, and will continue to pass on any further increases as soon as we can.”

Mr Baird said growing First Milk and developing customer relationships were priorities and the company was proactively taking on new members and suppliers across the country.