According to a report in the Farmers Guardian, last week First Milk chairman, Clive Sharpe, confirmed that the company will increase its September milk prices by up to 1.25ppl. In a letter to members he said it was the third month running the processor had raised its prices and signalled that there would be a futher increase in October with details being announced at a serices of member meetings later in September.
Mr Sharpe commented "With the market recovering and having exited our loss making activities, returns are flowing directly through to our milk price. At the same time we are brining forward the delivery of the business performance supplement, which comes from continuting improvements win our own efficiency.
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