First Milk has announced that it is holding its milk price for July 2020 at the current level.

This means its liquid standard litre will remain at 26.75ppl, while its manufacturing standard litre will remain at 27.63ppl, both including its member premium.

Jim Baird, vice chairman and farmer director, said: “The backdrop of uncertainty resulting from the ongoing Covid-19 pandemic means that it remains hard to predict the likely impact on milk prices going forward.

"Despite this, we will continue to do all we can to provide as much stability as possible for our members, while working to maximise returns.”