Arla members to get 0.03p/litre milk price increase
© Tim Scrivener Arla Foods amba members will get a 0.03p/litre price increase from 28 September (Monday), taking the co-op’s UK standard litre price to 23.04p/litre.
The increase is made up of an actual price increase of 0.5 eurocents/kg, equal to 0.38p/litre, plus the impact of the co-op’s exchange rate mechanism which has a has a 0.35p/litre negative impact on the milk price.
This adjustment accounts for the average exchange rate between the euro and sterling from July to September.
See also: Arla to use new farmer owned label on retail
”As a result of improvements through the supply chain, including recent developments in GDT auction prices, as well as initiatives from a number of our retail customers across Europe, our revenue has been positively impacted which is contributing to the first increase in Arla’s milk price for over six months,” said Ash Amirahmadi, head of UK milk and member services.
”While this is positive, it is too early to confirm that the global market trend has reversed.”
