Processor Muller Wiseman is due to follow the lead of its competition and announce a 0.8p per litre price cut from September.
From 7th September, Muller’s 1,200 suppliers will be paid 22.35p per litre, with a spokesperson admitting that while the long term forecasts remain positive, the short term value has sharply declined.
Many dairy farmers are already struggling with the current volatility of the market and will find their cash flow problems exacerbated by the price cut.
If you are a dairy farmer concerned about your financial future in the light of the milk price cuts, please contact us for help and advice.
Please note: This article is a commentary on general principles and should not be interpreted as advice for your specific situation.