UK-based dairy processor First Milk has announced that its milk price will remain uncharged for the new year.
The move means its milk price on a manufacturing standard litre will sit at 45.35p per litre, including the member premium.
Owned by around 700 farming families, First Milk said markets were still 'stable'.
Mike Smith, the co-operative's vice-chairman, said: “With our business performing in line with our expectations we will hold our milk price for January.
"We continue to work hard to maximise returns for our members.”
