Arla Foods has announced its milk price to owners will rise by one eurocent per kilogramme from August 1.
For UK members, this equates to an increase of 0.81ppl taking the UK standard litre for conventional milk to 29.98ppl.
Arla Foods amba board director, Johnnie Russell, said: “I’m pleased that Arla is able to continue to reflect the market sentiment in its milk price for a second consecutive month.
“The current market situation is characterised by strong demand and low stocks of fat and this is driving up prices for products containing fat. Meanwhile the protein market remains stable, however at a low level.”
UKAF has voted to remove the ability for members to terminate their milk supply contract with UKAF on short notice from the UKAF milk supply contract.
The resolution was passed with a vote of 94 per cent for the resolution and 6 per cent against. The contract changes came into immediate effect, following the vote so farmers were now bound to serve a 12 months notice period.
UKAF proposed the changes to: