UK dairy farmers see earnings dip as Freshways cuts milk price
Freshways has lowered the price it pays to dairy producers by 7p a litre, adding to the strain on UK milk farms, the Guardian reported.
Freshways has lowered the price it pays to dairy producers by 7p a litre, adding to the strain on UK milk farms, the Guardian reported.
Dairy farmer Ian Harvey said, “Milk is leaving the farm at a loss,” and warned that confidence in the sector is “at rock bottom”.
The Guardian noted that most UK dairy producers were already receiving less for their milk than it costs to produce it after a year of volatile farmgate prices. The sector has also been hit by a summer drought and rising costs for fuel and fertiliser, which the outlet linked to the conflict in Iran.
The price reduction follows a period of financial pressure on farms, with producers facing tight margins and uncertain market conditions.
Why it matters
The cut deepens financial pressure on dairy farms, threatening the viability of the sector.
Key details
- Location
- United Kingdom · Europe
- Reported by
- The Guardian
- First reported
- Key names
- UK, Ian Harvey, Iran
- Section
- Business
Sources
This is an independent summary. Read the full, original reporting from the publisher:
Read the full story at The GuardianSpotted an error? Request a correction · How this summary was produced
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