Press release -
MÜLLER CONFIRMS MAY MILK PRICE
Müller has confirmed that it will reduce its standard milk price by 0.85 ppl from 1 May 2016 due to the continuing extreme market volatility coupled with high levels of global milk supply.
Lyndsay Chapman, Agriculture Director of Müller Milk & Ingredients said:
“Market returns continue to be severely depressed creating an increasingly difficult trading environment as we approach the peak period of milk production. As a result we unfortunately have to reflect this through a further reduction to our milk prices for May.
“Milk price reflects the balance of supply and demand and all of us in the dairy sector desperately need a significant improvement in this balance to generate better returns.
“Regardless of the overall market environment, we will maintain our commitment to a competitive and clear farm gate milk price and contract proposition for the dairy farmers who supply us, ensuring that the headline price which we offer correlates to the returns which dairy farmers can expect.
“We are also committed to the principles of the voluntary code, so will always seek to provide 30 days’ notice of price adjustments.”
The average standard liquid milk price for Müller Milk & Ingredients is 19.54 ppl*
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 30 March, 2016
Issued by Graeme Jack, Group Communications Director, Unternehmensgruppe Theo Müller Tel +44 (0) 1355 598585 or +44 (0) 7900 430269.
Notes to Editors
- 1.Standard litre (www.milkprices.com) milk prices
Müller Milk Group (ex Müller Wiseman Milk Group) – 19.15 ppl
Müller Direct Milk (ex Dairy Crest Direct) – 18.49 ppl
Müller Direct Milk Formula (latest forecast) – 24.73 ppl
- 2.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 1.89ppl in the price received on non-aligned contracts.
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.
