Dairy Crest today announces that it is increasing the milk price it pays to its Davidstow farmers by 1ppl* to 29ppl from 1st September 2017.
It had previously been agreed with Dairy Crest Direct (DCD) in April 2017 to hold the price at 28ppl from July through to the end of September.
Chris Thomson, Group Procurement Director at Dairy Crest, said:
“Since May, there have been some significant increases in dairy commodity prices, particularly fats. We have therefore decided, with support from DCD, to raise our milk price ahead of the expiry of our agreement made in April. We have significantly increased our Davidstow milk price since November 2016, in line with our commitment to be competitive and fair to the 360 farmers we work with in the South West. This will continue to be our approach, and is reflected in the price increase for September 2017.”
DCD Chairman, Steve Bone, commented: “We welcome the announcement that Dairy Crest, having previously agreed with DCD to hold the price through to 1st October 2017, has recognised the improving market situation and will move outside the previous agreement, increasing the price paid to Davidstow suppliers by 1ppl from the 1st September 2017.”
* Manufacturing standard litre milk prices as published in milkprices.com
For further information please contact:
Group Procurement Director
Notes to Editors
About Dairy Crest
Dairy Crest is the leading British-owned dairy company. Our main consumer brands are Cathedral City, Country Life, Clover and Frylight. We work with some 360 farmers in the South West.
Dairy Crest has invested significantly at its Davidstow creamery and is now manufacturing demineralised whey powder and galacto-oligosaccharide (GOS), a lactose-based prebiotic, both widely used in infant formula.
About Dairy Crest paying a competitive milk price
1. Milk price consistently increased from August 2016 to February 2017
Dairy Crest announces six consecutive months of increases in its milk price taking it to 30ppl in February 2017, an overall uplift of 38% since August last year.
2. Milk price held for March 2017, April 2017 and May 2017
Dairy Crest maintains its milk price at 30ppl from March to May 2017.
3. Milk price reduced slightly in June and July 2017 and committed to then remain unchanged until the end of September 2017
Dairy Crest provides visibility to its farmers by announcing in April 2017 a 1ppl milk price decrease for June 2017 followed by a further 1ppl decrease for July 2017, with a commitment to hold the price until the end of September 2017.