Meadow Foods, the UK’s largest independent dairy, has announced that it will be increasing its milk price by +1.00ppl from 1st November, taking their standard A litre milk price to 22.15ppl. This is the fifth consecutive milk price increase from the company, which has seen its overall price increase by 5.15ppl since July.
In addition to this A litre price increase, Meadow Foods has confirmed that its B price for September will be 26ppl and also confirmed that the B price for October will be 30ppl. For November, the company estimates the B price to be no less than 30ppl.
Simon Chantler, Executive Chairman at Meadow Foods, comments: “These recent increases reflect our policy of returning any milk price improvements as quickly as possible to our producers. We will continue to watch the market closely and hope to continue to move our price forward as soon as we can.”
Last month the company also announced that it had received a strategic investment from Paine & Partners, LLC (“Paine & Partners”), a leading global food and agribusiness investment firm, to support Meadow Foods’ strategy to grow the business through organic expansion and acquisitions.
Meadow Foods is the UK’s largest independently owned dairy group and leading supplier of milk based dairy ingredients to the food industry. Meadow Foods currently handles more than 500 million litres of milk each year direct from over 550 farmer suppliers from across the North of England, Midlands and North & West Wales. The company, founded in 1992, operates from factories in Chester, Peterborough and Holme-on-Spalding Moor and now employs more than 275 people.