Press release -
MÜLLER CONFIRMS JUNE MILK PRICE
Müller has announced a reduction of 0.49 ppl to its standard milk price from 1 June 2016 reflecting the continuing impact of depressed markets resulting from strong supply and high stock levels.
Lyndsay Chapman, Agriculture Director of Müller Milk & Ingredients said:
“Markets continue to be severely depressed due to the balance of supply and demand. The ongoing impact of this environment is increasingly challenging for all of us within the dairy sector.
“We recognise that any further price reduction is difficult news for our farmers but we remain committed to paying a competitive and transparent milk price. Our farmers appreciate the retailer supplementary payments paid by a number of our customers, which currently equate to over 2ppl and cushion the impact of the current market conditions to some extent.
“We have again provided 30 days’ notice of this price change, in recognition of the principles of the Voluntary Code.”
The average standard liquid milk price for Müller Milk & Ingredients is 19.11 ppl* with an additional supplementary payment to be confirmed (currently 2.05ppl).
milkprices.com standard litre – weighted average of Müller Milk Group and Müller Direct Milk standard Liquid milk price including the latest forecast for the Direct Milk Formula milk price.
ENDS
Jane Charlesworth, Farmer Communications Manager - jane.charlesworth@mullermilk.co.uk
Notes to Editors
- Standard litre (www.milkprices.com) milk prices
- Müller Milk Group (ex Müller Wiseman Milk Group) – 18.66 ppl
- Müller Direct Milk (ex Dairy Crest Dairies) – 18.00 ppl
- Müller Direct Milk Formula (latest forecast) – 24.53 ppl
- The standard litre milk prices do not include the Supplementary payments from some retail customers, which are paid to our farmers on non-aligned contracts. In the latest milk payment these totalled an additional 2.05 ppl in the price received on non-aligned contracts.
- Müller is compliant with the dairy industry’s Voluntary Code for milk supply contracts.This includes the commitment to provide a minimum of 30 days’ notice of a milk price change.
Topics
Müller UK & Ireland
Müller UK & Ireland is wholly owned by the Unternehmensgruppe Theo Müller. It employs around 10,000 people in a business which comprises two distinct business units: Müller Milk & Ingredients and Müller Yogurt & Desserts.
Based in Market Drayton, Müller Yogurt & Desserts is the UK’s leading yogurt manufacturer, responsible for major brands such as Müller Corner, Müllerlight and Müller Rice. It also produces, at production facilities in Minsterley near Shrewsbury, chilled desserts including Cadbury Bubbles of Joy, Pots of Joy, Layers of Joy and Twin-pot products under licence from Mondelez International.
Müller Yogurt & Desserts also supplies the UK private label yogurt market from a state of the art yogurt facility in Telford, Shropshire.
Müller Milk & Ingredients aims to be the biggest and best fresh milk and ingredients business with a network of dairies and depots servicing customers throughout the country, producing skimmed, semi-skimmed, whole, and flavoured milk products for brands such as Black & White, The One, freshnlo and FRijj . It also has the capacity to produce salted, unsalted and lactic butter each year for both the domestic and international markets.
The acquisition of Dairy Crest’s dairy operations in December 2015 marked a milestone in Unternehmensgruppe Theo Müller’s global growth strategy and in particular its aspiration to place much more emphasis on end to end supply chain innovation, adding value to the UK dairy category.
