Milk price for February 2023 will decrease by 2.65ppl (3.0€c/kg) for conventional and or-ganic milk
From 1st February 2023, the Arla on-account price for conventional and organic milk will decrease by 2.65ppl (3.0€c/kg).
This means the UK manufacturing price for conventional and organic milk will be 48.47ppl and 53.25ppl respectively.
Arla Foods amba board director, and farmer owner, Arthur Fearnall, said: “Consistently high inflation continues to drive a reduction in consumer demand as shoppers look to lower their overall basket spend. As consumer demand falls, milk volumes in the commodity market continue to increase, thus pushing commodity prices down further. The organic market is also reacting in a similar way, as consumer consumption continues to react to the high inflation coupled with less demand. The outlook is negative, driven by a decline in commodity prices and reduced consumption.”
Paul Savage, Agriculture Director for Arla UK continues: “The uncertain economic outlook means we are currently facing a declining commodity market. We know that our farmer owners are still facing significant input costs for labour and energy and we remain committed to continuously looking for ways to deliver the most value to our farmer owners milk.”