Muller is the latest dairy company to announce plans for a milk price cut.
The dairy giant will reduce its standard litre price for farmers in its Muller Direct group to an estimated 26.2p a litre on May 1.
This is a result of a 0.5p a litre reduction in its standard litre price, and the addition of an estimated retail supplement of more than 0.2p a litre for the month.
It has also confirmed that farmers will receive a retail supplement of around 0.15p a litre for milk produced in April.
“Wholesale cream and butter values remain volatile and well below levels seen in the last few months, and although the weather has taken some of the edge off milk production, spring flush milk volumes for Muller Direct producers are expected to recover into May,” said the company’s agriculture and milk supply director, Rob Hutchison.
“Our strategy in the UK underpins a highly competitive milk price regardless of the short or mid-term market conditions. Muller Direct farmers also have the option to benefit from some major initiatives designed to reduce the impact of market volatility.
“We look forward to discussing these directly with farmers over the coming weeks.”
