Arla Foods amba confirms its June milk price
Arla Foods amba is holding its milk price for both conventional and organic milk for June 2017, however Arla’s UK price will be adjusted downward, by 0.4 pence per litre, taking the manufacturing standard litre to 27.73 pence.
Commenting on the UKAF Board’s decision, Johnnie Russell, Arla Foods amba board director, said “Last month Arla Foods amba reduced its price by one eurocent but the UKAF board made the decision to manage the impact of this cut through the UKAF cash flow, for the month of May, and held the price to prevent a double impact of a milk price reduction, at the same time as maximum seasonality deductions.
“However, the UKAF board believes that it is necessary to make a small downward adjustment to the milk price, from 1 June, of 0.4 pence per litre, to re-balance the cash flow.”
Arla Foods is a global dairy company and co-operative owned by 12,000 dairy farmers with circa 2,500 of whom are British.
Dating back to 1881, Arla’s purpose is to secure the highest value for its farmers’ milk, while creating opportunities for their growth. With production facilities in 11 countries and sales offices in a further 30, Arla is the world’s fifth largest dairy company and largest supplier of organic dairy products. Arla has a total of more than 18,000 colleagues and its products are sold under the well-known brands Arla®, Lurpak® and Castello® in more than 100 countries.
Arla Foods UK is the largest dairy company in the country and is home to leading dairy brands Anchor®, Arla Cravendale®, and Arla Lactofree® with a turnover of €2.2 billion. The UK is largest market within the Europe Zone, contributing 35% of the zone’s turnover and also comprises 25% of the Group revenue.
As well as being a leading supplier of fresh milk, number one in butter, spreads and cream, Arla is the UK’s largest cheese manufacturer. It has also built the world’s largest fresh milk facility located at Aylesbury that later this year will become the first net zero carbon site of its kind. The UK business has a team of approximately 3,500 colleagues located at its dairies, creameries, distribution centres and head office.