Arla Foods amba increases June milk price
The Arla Foods on-account price for conventional and organic milk will increase by 0.5 euro cents per kilo from June 2021.
This means that when applied to the standard manufacturing litre Arla’s milk price will increase by 0.44 pence per litre to 33.23 pence for conventional milk and 41.59 pence per litre for organic milk for Arla’s farmer owners.
Arla Foods amba board director, and farmer owner, Arthur Fearnall, said: “ Once again, this will be welcome news for our farmer owners who are becoming increasingly pressured by rising on farm costs. Commodity market prices have overall remained relatively stable in April. Powder demand has been strong with increasing prices, while butter and cheese prices have weakened. Overall, so far, European milk intake has been lower than last year; however, intake has started to pick up with a small increase through March and April. The current outlook remains stable.”
Alice Swift, UK Agriculture director at Arla continues: “May brings a growing sense of optimism in the country re-opening plans here in the UK and further afield, and a welcome light at the end of the tunnel for the food service industry. The gradual opening-up of the country does mean that we are now seeing an expected shift in consumer and shopping habits in the retail sector, in products and brands which benefited most from the lockdowns over the last 14 months. We continue to work hard to ensure the most value for our farmer owners for the milk they produce as we work together to lead the way to create a sustainable future for dairy.”
Notes to editors
- Arla farmers are paid on constituents via a manufacturing schedule. For ease of comparison, the liquid price is 31.98 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.