Dale Farm has announced a 2.5p/l increase on its base milk price, along with the 2p/l winter bonus paid for October, November and December.
This brings Dale Farm’s milk price payable to farmer members to 26.17p/l, for milk of average constituents.
Nick Whelan, Group Chief Executive, Dale Farm said: Today, at the cooperative’s Annual General Meeting in Cookstown we announced a significant lift in our milk base price to our farmer members. We have said consistently that the business would give back once the market delivered, and we have kept this promise. This increase will hopefully reaffirm our members’ confidence and pride in Dale Farm, after two years of falling global prices.
“Our farmers were very supportive today. The performance of the business in the past 12 months and our vision for the future was very well accepted. We have a strong customer base that recognises the value of Dale Farm post Brexit, and our members felt reassured by this. They asked constructive and progressive questions today of the board and me, and accepted the decision to open the milk pool to new suppliers.
“Dale Farm is a business to be proud of. It is well positioned to succeed in a demanding market place thanks to an excellent operational footprint and an extensive portfolio of award winning products, with a strategy focused on continuous innovation.”