First Milk has today announced a further 2.3ppl increase to its member milk price for May 2022. This builds on the increase it announced last month for May, to give a total milk price increase from May 1 of 3.3ppl from the current level.
This will take its May 2022 milk price on a manufacturing standard litre to 40.05ppl, including the member premium and regenerative bonus.
Commenting on the announcement, Robert Craig, farmer director and vice-chairman, said: “Exceptional cost inflation continues to be felt on farm and we are working hard to return additional income to our members as fast as we can.
“There is a growing need to see an enduring step-change in dairy prices that recognises the true value of milk, and we will continue to do all we can to deliver this.”