Arla Foods amba milk price
Arla Foods amba is reducing its owner on-account price by €1.25 cents per kg, with effect from 4 August 2014.
When applied through the pricing mechanism, this reduction equates to an overall 0.94 pence reduction in Arla’s UK standard litre price, taking the standard litre to 31.58 pence. The adjustment is made up of a decrease of 0.98ppl in the on-account price and a 0.04ppl increase in the 13th payment.
Commenting on the reduction, Ash Amirahmadi, Arla UK’s head of milk and member services said: “This milk price reduction is necessary due to a further downward movement in global and European prices, which are affecting the entire industry.”