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M&S contract to pay 2.3ppl more

Marks and Spencer has announced an increase of 2.307ppl to its 42 dedicated milk suppliers from 1 August 2011.  This increase is based on the Milk Pledge plus pricing formula, which takes account of the farmers' costs of production as well as reflecting movement in the retail price of milk sold through Marhs and Spencer stores.

This will take the standard litre price to almost 32ppl.  With no other dedicated liquid milk contracts announcing price movements for August, this will put the M&S contract at the top of the DairyCo League Table in August.

For information on other milk price changes announced by milk buyers for August please click here.