0.25ppl 13th Payment/Member Premium to be paid to First Milk members in 2020

This is a new additional 13^th payment which is calculated monthly based on capital invested and paid as a lump sum in April next year.

To receive the full 0.25ppl a member must have reached their capital contribution target. The maximum capital a First Milk member can achieve is 200% which would result in a 0.5ppl payment.

Taking into account the 0.25ppl payment this increases the First Milk manufacturing standard litre milk price to 28.68ppl and on a liquid standard litre to 27.75ppl.