Arla Foods amba confirms November milk price
Arla Foods’ on-account prices for conventional and organic milk will increase by 1 euro cent per kilo, from 1 November 2020.
When applied to the manufacturing price, Arla’s pence per litre for conventional milk will be 30.66 pence and the organic price 39.02 ppl for Arla’s farmer owners.
Arla Foods amba board director, and farmer owner, Arthur Fearnall, said: “Despite year on year increases in milk volumes across the globe, commodity markets have remained resilient with some softening in cheese prices being offset by increase in powder and cream prices. Against this backdrop the business performance remains strong and the outlook is stable.”
Alice Swift, Agriculture Director at Arla Foods UK continues: “Throughout the Covid 19 period, as a business, we have continued to adapt across the entire value chain to deliver against the changing channels and shift in consumer needs. As our farmers continue to invest in sustainability measures on farm and work with the findings of their climate checks, it has never been more important for every product we sell and every penny of our owners money we spend, to be driving a fair return for the farmers that own our cooperative.”
Notes to editors
Notes to editor
- Arla farmers are paid on constituents via a manufacturing schedule. For ease of comparison, the liquid price is 29.52 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.