Arla Foods amba holds its milk price for November
Arla’s price for conventional milk will remain unchanged in November at 32.30 pence for the conventional manufacturing litre.
Commenting on the decision to hold the price for November, Jonathan Ovens said: “We have achieved a 16 per cent increase in our price since July, as a result of four consecutive milk price increases.
“We are expecting milk volumes to increase as we move into 2018 and this, coupled with increased activity in global markets from non-European players, means that commodity markets are now in balance, bringing some softness into commodity prices in Europe.
“All commodity product categories have reduced in price in recent weeks but are still trading at what historically would be seen as good prices. As a consequence the Arla Foods amba farmer board believes that it is the right decision to hold its milk price into November.”