Arla announce price further increase

Farmer owned Arla Foods is raising its milk price to owners by one eurocent per kilogramme from 1st August.

When the increase in the on-account price is applied to the UK standard manufacturing litre, the increase equates to an upward movement of 0.81 pence, taking the UK standard litre for conventional milk to 29.98 pence.

Arla Foods amba board director, Johnnie Russell, commented:

“I’m pleased that Arla is able to continue to reflect the market sentiment in its milk price for a second consecutive month.

“The current market situation is characterised by strong demand and low stocks of fat and this is driving up prices for products containing fat.Meanwhile the protein market remains stable, however at a low level.”

Farmland Magazine

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