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First Milk cut its May 2016 milk price across its pools, with reductions of 0.61 to 0.72 pence per litre. The company cited worsening market mechanisms and falling market returns.
Lower UK milk prices reflect a broader dairy market slump driven by global oversupply, which weakens dairy farm feed purchasing power.
farminguk.comFarmingUK TeamMay 3, 2016Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
