Arla Foods amba increases its milk price for August
Arla Foods is raising its milk price to owners by one eurocent per kilogramme from 1 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.
Commenting on the decision to increase the price, Arla Foods amba board director, Johnnie Russell, said: “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.”
· Manufacturing price based on every other day collection, top quality, one million litres, 4.2% butterfat, 3.4% protein
· Arla Foods is transitioning to a manufacturing schedule only with effect from 1 January 2018, where Arla farmers will be paid on constituents. For ease of comparison, the liquid price is 28.82 pence, based on 4% fat and 3.3% protein.