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First Milk’s milk price for March will be reduce by 1.25 pence per litre.
The British farmer-owned co-operative, which owns Campbeltown Creamery, blames the second consecutive fall in price on a ‘weaker’ dairy market.
Jim Baird, vice chairman and farmer director, said: ‘As we’ve said in recent months, the weaker dairy market has impacted our revenue and we can only pay a milk price that relates to our returns.
‘We know that this further milk price drop will be disappointing to our members and continue to do all we can to mitigate the market conditions.’