Dairy farmers supplying First Milk will have their milk price increased at the start of next month.
The Glasgow-headquartered farmers’ co-operative is increasing the price it pays its farmer suppliers by 0.5p per litre from September 1.
This will bring the co-op’s liquid standard litre price up to 27.25p per litre, while its manufacturing standard litre price will increase to 28.15p per litre.
First Milk vice-chairman Robert Craig said although Covid-19 had impacted the dairy market, the company had “weathered the storm” and provided its membership with milk price stability.
“Overall our first quarter results were positive, albeit in challenging circumstances and this has allowed us to deliver this milk price increase to our members for September,” added Mr Craig.
“Of course, there remains uncertainty ahead – from the potential supply chain and market disruption if no EU trade deal were to be agreed, to concerns about what may happen with Covid-19 as we head towards autumn.
“As ever, we’ll do all that we can to maximise returns and deliver stability to our members in the months ahead.”