Müller has today unveiled a series of measures to help UK farmers build vibrant dairy businesses for the future.
The German company has confirmed a £0.0131 per litre increase in its farm-gate milk price with effect from 1 September, taking its standard litre price to £0.29 per litre.
It will also introduce the Müller Direct Futures Contract option, giving dairy farmers the opportunity to agree a monthly price for up to 25% of their milk volume, for 12 months ahead.
The aim of the initiative is to increase confidence and resilience among Müller’s dairy farmer suppliers against a backdrop of volatile and unpredictable global dairy markets, and uncertainty surrounding future support for farmers following the UK’s departure from the EU.
Müller has already confirmed £100 million of investment in its UK network of dairies so that it can build an additional £700 million worth of sales of dairy products made with milk from British farmers by 2020.