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Producer price cut by dairy co-op.

Europe Intelligence Wire

| April 01, 2009 | COPYRIGHT 2009 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Aberdeen Press & Journal)

Byline: joe.watson

DAIRY farmers' co-operative First Milk cut its ex-farm rates today by 1.25p a litre (0.75p a pint) to 23.06p (13.09p).

It blamed declining cheese and ingredients returns, saying market conditions were very tough.

The drop means the Paisley-based co-op is ...

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