From the start of February, Arla Foods amba suppliers will see the price they are paid for a standard UK litre of milk increase by 0.76 pence, taking the liquid milk price to 27.07 pence per litre (ppl), and the manufacturing price to 28.16ppl. Johnnie Russell, board director of Arla Foods amba, said: “Markets in general remain strong, with good global demand. As a result of the mild winter, global milk supply is slightly above expectations, which is softening butterfat prices. Yellow cheese prices have also weakened across Europe over the last few weeks. “This is the sixth consecutive increase in our price. Between September to date our price increases have delivered in the region of an additional £51m of income to our British farmer owners and, in turn, the rural economy.”
Johnnie Russell, board director of Arla Foods amba, said: “Markets in general remain strong, with good global demand. As a result of the mild winter, global milk supply is slightly above expectations, which is softening butterfat prices. Yellow cheese prices have also weakened across Europe over the last few weeks.
“This is the sixth consecutive increase in our price. Between September to date our price increases have delivered in the region of an additional £51m of income to our British farmer owners and, in turn, the rural economy.”
Source: YorkShirePost
Link: http://www.yorkshirepost.co.uk/news/arla-increases-farmgate-milk-price-for-sixth-consecutive-month-1-8348530