date:May 21, 2012
Speaking in a business update for the farmer-owned UK firm for the year ending March 31, he added that the consumer products market would continue to experience considerable pressures in an extremely difficult trading environment.
Kennedy said the firm was forced to cut its member milk price by 1.5 pence per litre (ppl) from June 1 due to significantly weaker returns from dairy ingredients and fresh liquid milk markets where Milk Link supplies around half of its total volumes.
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