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'Protein prices continue to recover' - Arla announces price hold for April

But the price will move down 0.01ppl on the back of currency adjustment.


Alex   Black

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Alex   Black
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Arla announces price hold for April

Arla has confirmed it has held its price for April, although the quarterly adjustment in the currency smoothing mechanism means it will drop 0.01ppl.

 

It means Arla’s manufacturing price will be 30.23ppl for April.

 

Arla Foods amba board director, and farmer owner, Johnnie Russell, said being in a European dairy cooperative with a global reach was having real benefits for its UK farmers.

 

European

 

“European milk volumes in most major countries are in line or slightly higher than this time last year and, as a result, markets have been quiet and overall global prices remain relatively stable.

 

“There has been some weakening in fat prices," he said.

 

 


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“Global protein prices have continued to recover, offsetting the impacts of the lower fat prices and cheese prices have stabilised following recent increases.

 

“This has meant that overall despite the current uncertainties in the UK market, we have been able to hold our price relatively stable.”

 

Graham Wilkinson, agriculture director, added: “The long term vision of Arla and it’s farmer owners to drive a sustainable business from farm to consumer, continues to help us grow the business and drive the best return for our owners milk.

 

“The recent launch of our Carbon Net Zero ambition, the continued success of our Arla UK 360 programme, as well as the launch of innovative new products such as Anchor Softest, are just some of the ways that we have delivered this month, in spite of a challenging external UK market.

 

“It is by working together that we are able to grow and prosper.”

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