Dairy processor Muller has announced a further milk price reduction for its farmer suppliers, starting in November.

Farmers supplying Muller who meet the conditions for the processor's Advantage scheme will receive a milk price of 36.5p per litre.

Head of agriculture at Müller Milk and Ingredients, Richard Collins, said the dairy industry was witnessing continued market pressures.

“While we remain committed as ever to paying our supplying farmers a competitive milk price, we have to respond to continued market pressures and supply remaining ahead of forecast.”

First Milk has also announced a milk price decline for November, amounting to a 0.85p per litre fall.