Tesco has announced that it will increase its milk price to its suppliers from 41.59p/L to 46p/L for July 1.
This price increase is the second one in three months following on from a 20% milk price increase for suppliers in May.
The milk price increase reflects the rising on-farm costs that farmers have faced and the “continued volatility in the dairy sector”.
Along with Tesco, First Milk has announced that its member milk price will increase by 1.4p/L from July 1, 2022, and by a further 3.05p/L from August 1, 2022.
This will take its milk price on a…