Arla Foods amba board director, and farmer owner, Arthur Fearnall, said: “Overall, commodity prices have stabilised after the initial impact of re-stocking, as countries started to open up after lockdown. The last GDT auction saw a record increase in whole milk powder prices, driven largely by short-term demand for August and September. Outside the auction, prices did not increase as much and have soon settled back to pre-auction prices. Prices overall remain below pre-COVID-19 levels, with the current outlook remaining stable.”
- Arla farmers are paid on constituents via a manufacturing schedule. For ease of comparison, the liquid price is 28.17 pence per litre based on 4% fat and 3.3% protein.
- Manufacturing price based on every other day collection, top quality, one million litres,4.2% butterfat, 3.4% protein.