# First Milk announces May milk price reductions - FarmingUK News

> 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.

- Date: 2016-05-03 · published 2016-05-03T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/4175-first-milk-announces-may-milk-price-reductions-farminguk-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower UK milk prices reflect a broader dairy market slump driven by global oversupply, which weakens dairy farm feed purchasing power.

## Read by commodity

- MILK: bearish ▼

## Sources

- farminguk.com: https://www.farminguk.com/news/first-milk-announces-may-milk-price-reductions_39604.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.