First Milk announce milk price cut and Paice resignation

Published 24 June 15

First Milk has announced a 1ppl price fall for the “A” volumes across all of its milk pools, with the exception of the Midlands Balancing pool which will fall by 0.7ppl. The changes will be effective from 1 July. The co-op have put the price reduction down to the continuing decline of global commodities prices.

First Milk also announced its chairman Sir Jim Paice will be stepping down, remaining in his current role until a new chairman is appointed and handover complete.