Robert Wiseman Dairies has become the last milk processor to withdraw on planned milk price cuts in August.
In a statement on their website today they announced that they will be holding the milk price for Wiseman Group Members.
NFU president Peter Kendall said that although farmers have achieved a lot in getting this far in such a short time, there is still more work to be done.
Over the past few weeks, dairy farmers across the country, including the Midlands have been calling for a change in planned price cuts that they say will drive them out of the dairy business, and increase prices for consumers in the long run.
The average milk prices for many dairy farmers are currently below 25p per litre even though it costs 30p to produce each litre.
A timeline of events can be seen below:
29th June: Robert Wiseman Dairies give suppliers a months' notice of the milk price cuts
3rd July: Dairy Crest is the next milk processor to announce cuts, along with Arla
4th July: First Milk also announce a price drop, and an emergency meeting is held in Staffordshire amongst farmers
11th July: Around 3000 members of the NFU protest in London against planned milk price cuts
23rd July: Dairy farmers hold blockade-protests across the country, including site in the Midlands
26th July: First Milk drops the price cut planned for 1st August, and Dairy Crest announces a two month stay of execution on its planned price cut
27th July: Arla to withdraw price cuts planned for 1 August, followed by Wiseman/Muller
The u-turn in planned milk cuts means that:
- First Milk have now reversed the milk price cut to its liquid milk pool of 1.7 pence per litre, and 0.9ppl to its balancing pool - this takes its standard milk price to 26.05 ppl and 26.10 ppl
- Dairy Crest has revoked its planned price cut of 1.65 ppl for two months
- Arla said it could now maintain a standard litre price of 27p
- The price paid by Wiseman Dairies for a standard litre will remain at 26.43p/litre