Dairy giant Muller has announced it will slash a further 1.5p per litre from the price it pays farmers for milk in April.
The price will decrease to 26.5ppl. The April slash follows a 1ppl price drop in March.
Rob Hutchison, Müller Milk supply director, said: “Market forces have been moving against farm gate milk prices throughout the UK and we therefore have to adjust our position.
“However, Müller has invested heavily in the UK to create a balanced portfolio of added value branded and private label dairy products, and this is helping us to mitigate the full extent of the decline in dairy commodity values.
“We also remain focused on continuing our work with Müller Direct farmers through a range of initiatives designed to support business improvement, managing during periods of volatility and support for the next generation.
“We are confident that our agriculture strategy, UK investment and category development plans will continue to underpin a highly competitive milk price, regardless of market conditions, over the longer term.”
The announcement follows news of Arla announcing that it will be dropping its UK milk price by 2.16ppl. Since December, Arla farmers have seen a total drop of 5.19ppl.
The NFU has urged Arla to "speed up its commitments" to looking at risk management options for its suppliers.
