Arla Foods amba confirms August milk price remains unchanged
Arla Foods’ on-account prices for conventional milk and organic milk price will remain unchanged for August 2020. This means Arla’s manufacturing price for conventional milk will remain 29.26 pence per litre and the organic price 37.62 pence per litre, for Arla’s farmer owners who have completed their Arlagarden and Climate Check data, from 1 August 2020.
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.