Press release -
MÜLLER CONFIRMS APRIL MILK PRICE REDUCTION DUE TO CONTINUED VOLATILITY
Müller has confirmed a reduction in its standard milk price of 1.35ppl from 1 April 2016, against a backdrop of unprecedented levels of farm milk production forecast for spring, coupled with weak market demand.
Lyndsay Chapman, Agriculture Director of Müller Milk & Ingredients said:
“In the current environment where the supply of milk from farms is substantially out of line with demand there are no winners in the dairy supply chain. Market returns are depressed and milk production forecasts for April suggest the months ahead are going to be very challenging for us all.
“We remain focused about the future and are investing heavily in the processing sector to innovate and add value to milk and to make our supply chain competitive. However, supply and demand is a major determinant of milk price and at the moment there is a significant imbalance which is having a severe effect on the value of farm gate milk.
“Our commitment is to maintain a fair and market related milk price and honour our contract terms but we need the market to be more balanced, to generate better returns for dairy farmers.”
The average standard liquid milk price for Müller Milk & Ingredients is 20.36 ppl*
- milkprices.com standard litre – weighted average of Müller Milk Group and Müller Direct Milk standard Liquid milk price including the latest forecast for the Direct Milk Formula milk price.
Ends… 1 March, 2016
Issued by Graeme Jack, Group Communications Director, Unternehmensgruppe Theo Müller Tel +44 (0) 1355 598585 or +44 (0) 7900 430269.
Notes to Editors
- 1.Standard litre (www.milkprices.com) milk prices
Müller Milk Group (ex Müller Wiseman Milk Group) – 20.0 ppl
Müller Direct Milk (ex Dairy Crest Direct) – 19.34 ppl
Müller Direct Milk Formula (latest forecast) – 25.16 ppl
Topics
Müller UK & Ireland
Müller UK & Ireland is wholly owned by the Unternehmensgruppe Theo Müller. It employs around 10,000 people in a business which comprises two distinct business units: Müller Milk & Ingredients and Müller Yogurt & Desserts.
Based in Market Drayton, Müller Yogurt & Desserts is the UK’s leading yogurt manufacturer, responsible for major brands such as Müller Corner, Müllerlight and Müller Rice. It also produces, at production facilities in Minsterley near Shrewsbury, chilled desserts including Cadbury Bubbles of Joy, Pots of Joy, Layers of Joy and Twin-pot products under licence from Mondelez International.
Müller Yogurt & Desserts also supplies the UK private label yogurt market from a state of the art yogurt facility in Telford, Shropshire.
Müller Milk & Ingredients aims to be the biggest and best fresh milk and ingredients business with a network of dairies and depots servicing customers throughout the country, producing skimmed, semi-skimmed, whole, and flavoured milk products for brands such as Black & White, The One, freshnlo and FRijj . It also has the capacity to produce salted, unsalted and lactic butter each year for both the domestic and international markets.
The acquisition of Dairy Crest’s dairy operations in December 2015 marked a milestone in Unternehmensgruppe Theo Müller’s global growth strategy and in particular its aspiration to place much more emphasis on end to end supply chain innovation, adding value to the UK dairy category.
