By bizn_fun 
For the first time, UK milk production is expected to exceed 13 billion litres this year.
Meanwhile prices for mild cheddar, butter and skimmed milk powder are all approaching their lowest levels for five years, according to NFUS.
Large dairy processors like Arla, Muller and First Milk have been cutting the price paid to farmers for their milk for a number of months, in what they say is in response to the global markets.
They are facing pressures of collecting, processing and selling an excess of milk which is outstripping consumer demand.
A spokesperson for Arla said: ”Global milk production has increased so there is significantly more milk around the world. This is therefore impacting negatively on the global commodity markets, resulting in lower prices.
“As a cooperative owned by the same farmers who supply our milk, Arla’s profits go directly back to our farmers as payment for their milk and to support the future of dairy production.”