Arla Foods amba confirms October milk price
Arla Foods’ on-account prices for conventional and organic milk will increase by 0.5 euro cents per kilo, from 1 October 2020. This month is also positively impacted by a 0.06 p/kg, quarterly currency adjustment bringing in a total increase to 0.50 pence per kilo. When applied to the manufacturing price, Arla’s pence per litre for conventional milk will be 29.76 pence and the organic price 38.12 ppl for Arla’s farmer owners.
Arla Foods amba board director, and farmer owner, Arthur Fearnall, said: “Commodity market prices have remained relatively stable over the last few months, with the recent positive GDT more the result of contract prices for next year increasing to current market prices, rather than any general positive market development. The current market outlook remains stable.”
Graham Wilkinson, UK Agriculture director at Arla continues: “It is important to recognise that while the commodity markets overall remain relatively stable, as a nation we continue to navigate through the personal uncertainty surrounding Covid-19. Across Arla we have worked tirelessly throughout the pandemic to ensure we played our part in feeding the nation, from farm to fork. Right now, as we face in to toughening of personal restrictions once again, our contingency plans are in place and we are working hard to minimise any potential disruption for our customers.”
Notes to editors
- Arla farmers are paid on constituents via a manufacturing schedule. For ease of comparison, the liquid price is 28.66 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.