Dairy Crest is announcing a further 1.78ppl milk price increase from 1 December 2016.
The price increase has been agreed with Dairy Crest Direct (DCD), and marks the fourth consecutive monthly increase in farmgate price since September.
It follows a 1ppl increase to the October price and a further 0.5ppl applied from today (1 November 2016.)
This means the Davidstow milk price will be 26ppl from 1 December 2016.
Ruth Askew, Head of Procurement at Dairy Crest, said: “We are committed to investing in our supply chain and ensuring a sustainable supply of top quality milk for our leading British cheese brands – Cathedral City and Davidstow – and our growing infant formula business.
“During the unprecedented deflation we have seen in dairy markets over the last 18 months, Dairy Crest established a clear track record in maintaining a consistent and stable price for our dedicated pool of farmers in the South West, paying a premium above other major processors.”
DCD Chairman Steve Bone commented: "Dairy Crest has paid a consistently higher price for milk than other major liquid/cheese manufacturers during the downturn.
"We are pleased that in agreeing to increase the milk price for December, our members will continue to receive a market leading milk price.”
