Milk price for December 2022 will remain unchanged for conventional and organic milk

This means the UK manufacturing price for conventional and organic milk will remain at 52.24 ppl and 57.02 ppl respectively.

Arla Foods amba board director, and farmer owner, Arthur Fearnall, said: “Global milk supply levels continue to stabilise with levels in Europe increasing. Global dairy commodity prices, including yellow cheese and butter have declined from the previous high levels in October. The outlook is negative, driven by the continued decline in commodity prices.”

Paul Savage, Agriculture Director for Arla UK continues: “The last year has brought inflationary challenges for our farmer owners and our teams across the UK have worked hard to deliver significant increases to both our conventional and organic farmgate milk price throughout the year. We are closely monitoring the decline in global commodity prices and as a cooperative business we remain committed to adding the most value for our farmer owners for the milk they work hard to produce.”