Arla Foods amba milk price
Arla Foods amba is reducing its owner on-account price by €1.5 cents per kg, with effect from 1 September 2014.
When applied through the pricing mechanism, this equates to an overall 1.2 pence reduction in Arla’s UK standard litre price, taking it to30.38 pence.
Commenting on the reduction, Ash Amirahmadi, Arla UK’s head of milk and member services said: “Global commodity markets have fallen sharply over recent months - a development that has affected dairy companies, including Arla. In addition, Russia has announced a ban on agricultural import from certain states, including the EU. The ban has affected Arla Foods’ exports and we are now unable to export products to Russia.
“This further reduction in Arla’s global milk price is necessary due to a continued downward movement in global and European prices, made worse by the Russian import ban.”