'Strong dairy co-operative' - seventh consecutive price hold for Arla

Arla has confirmed a seventh consecutive price hold keeping its standard litre price at 30.22ppl from August 1, with its organic price at 41.97ppl.

Arla said being part of a ‘strong, global dairy co-operative’ had enabled it to maintain its milk price.

Arla Foods amba board director, and farmer owner, Arthur Fearnall, said: “Global production continues to fall with commodity markets remaining quiet resulting in relatively stable prices across Europe.

Stable

“Organic markets remain stable, however, European butter prices reduced further in June as a reaction to lower cream prices but remain attractive for exports.

“Overall, European milk production is stable compared to last year although the regional differences we have seen so far this year continue, particularly in the UK and Ireland showing strong increases versus last year.

“It is being part of a strong global dairy cooperative that has enabled us to maintain our milk price for the seventh month in a row.”