Arla Foods amba confirms hold for July milk price

However, it will be negatively impacted by a quarterly currency smoothing adjustment of 0.03 pence per litre. This means that when applied to the standard manufacturing litre Arla’s milk price will be 33.20 pence per litre for conventional milk and 41.56 pence per litre for organic milk for Arla’s farmer owners.

Arla Foods amba board director, and farmer owner, Arthur Fearnall, said: “Overall, commodity market prices have remained relative stable in May. Powder prices have increased, butter prices have weakened, and cheese prices have been stable. European milk intake has picked up with a small increases in April and May. The current outlook remains stable.”

ENDS

• Arla farmers are paid on constituents via a manufacturing schedule. For ease of comparison, the liquid price is 31.95 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.