UK dairy processor Dairy Crest is the latest firm to announce a cut to its farmgate milk price.

The company announced a 1.65ppl cut this morning (3 July) for those on a standard liquid agreement. The cut will take effect from 1 August.

Those on Dairy Crest’s Davidstow contract – who were hit with a price cut at the end of May – are not affected by the latest reduction, the firm said.

Dairy Crest’s cut follows a decision by Robert Wiseman Dairies to lower the price it pays its farmers for milk. Wiseman‘s decision to cut prices by 1.7ppl was met with criticism from the National Farmers Union (NFU), which slammed the decision as a “catastrophic example of hypocrisy and unfairness”.