UK: Co-op increases milk payments
The Co-operative Group has increased the premium it pays to farmers in its milk pool.
The UK retailer has upped the premium it pays on milk by 0.65 pence, bringing the total premium to 2ppl.
Robert Wiseman Dairies, which supplies The Co-op with its milk, announced a cut of 1.7ppl to the base price it pays its suppliers for milk at the end of last month (29 July). A week later, the move was followed by the UK's other largest dairy processors, Arla and Dairy Crest, who also slashed their base milk prices.
The cuts have resulted in an outcry from dairy farmers, with the NFU calling the situation "catastrophic" and warning that farmers are being forced out of the dairy industry.
"We are doing everything we can to attempt to alleviate the pressures facing dairy farmers during these tough trading conditions," a spokesperson for The Cooperative told just-food today (9 July).
The spokesperson said the increase would come into effect from 1 August - the same date that Wiseman's price cut is set to kick in.
"Our support for them goes beyond simply what we pay for milk. We fund a series of measures designed to help our farmers achieve higher levels of efficiency and reduce farm costs. These include a series of professionally facilitated workshops and on-farm practical demonstrations, a carbon and energy efficiency audit and a contribution towards veterinary care."
In the final week before the Christmas and New Year break, just-food published its review of the year, which included lists of our most-read content and featured an in-depth look at the M&A, retail tr...
UK retailer The Co-operative Group has appointed Kingfisher executive Euan Sutherland as its new CEO....
Three of the UK's largest food retailers, Asda, Morrisons and The Co-operative Group, have been forced to recall batches of cheese due to safety concerns....
- US food next wave on display at Winter Fancy Food
- Does Kraft Heinz want to swallow Unilever whole?
- Comment: Meal kits in US - don't believe the hype
- How General Mills plans to grow - CAGNY
- Focus: Nestle CEO plan to balance sales, earnings
- Unilever launches operational review
- Kraft Heinz pulls Unilever bid
- Kerry operating earnings strengthen on slow sales
- Glanbia focuses on nutrition with Irish dairy spin
- General Mills issues profit warning