Milk price for October 2024 will increase for conventional and organic milk
From 1st October 2024, the Arla on-account price for conventional milk will increase by 1.69 ppl (2.0 €c/kg) for October 2024. The UK organic milk price will increase by 1.69 ppl (2.0 €c/kg).
This means the UK manufacturing price for conventional milk will increase to 45.02ppl and organic milk to 55.89ppl.
The quarterly currency exchange rate adjustment negatively impacts the headline price in ppl by 0.09 ppl
Arla Foods amba board director, and Arla farmer, Arthur Fearnall, said: "Commodity markets are continuing to increase, driven by fat heavy products, especially butter. The increase is driven by the strong demand and additionally fuelled by the current lower milk volumes traditionally associated with this time of year and limited availability of fat in the EU. Overall, the outlook is slightly positive."
Paul Dover, UK Agricultural Director continues: "We are pleased to be able to pay a higher milk price in October, but our recent survey shows the majority are finding it more difficult than ever to maintain and improve their productivity on farm due to labour shortages. We’re calling on the new Government to invest in developing the skills farmers need on-farm, as well as to act on promoting farming as a high-skill and desirable industry in schools and universities."
Contact Information
Fiona Lane
Notes to editors
- Arla farmers are paid on constituents via a manufacturing schedule. For ease of comparison, the liquid price is 43.19ppl for conventional milk and 53.62ppl for organic milk, 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.