Meadow Foods has announced that it will be increasing the milk price they pay to farmers by 1.00ppl from January 2013. This will take their standard litre price to 30.0ppl. The price increase will be added to the flat rate element of Meadow’s pricing ensuring all producers receive it. This continues Meadow’s no nonsense approach to increases and pricing.
The business currently handles more than 500million litres of milk per year, sourced from more than 530 dairy farmers from across the North West, Midlands and North & South Wales.
Simon Chantler, Executive Chairman at Meadow Foods, comments: “We are pleased to be able to increase our milk price. The new price reflects the overall increase the company has received back from the market, allowing us to pass on the benefits directly to our own milk producers in a simple straight forward way so all producers benefit.”
2012 has been one of the wettest summers on record which has resulted in low forage stocks on farms and record high bought in feed prices. This has negatively impacted on milk volumes and Meadow Foods believes the challenging environment will carry on into next year.
Simon continues; “We appreciate that milk production is tough at the moment but we will continue to listen to our farmers and push our customers for further increases to ensure supply.”
This increase is hot on the heels of Meadow Foods’ recent announcement that they have secured full planning consent for a major expansion of their milk processing and butter production facility at Chester. This will allow for 5,300sqm of additional processing and storage facilities at the site, with the company looking to expand their producer base by up to 500million litres.
Meadow Foods is the UK’s largest British owned dairy group and leading supplier of milk based dairy ingredients to the food industry. Meadow Foods operates from factories in Chester, Peterborough and Holme-on-Spalding Moor, their products include cream, butter, sweetened condensed milk, anhydrous milk fat, chocolate crumb and cultured products. The company, founded in 1992, now employs more than 250 people and has a turnover in excess of £340m.