Mon, 26 Mar 2018
UK - Arla’s price for conventional milk will increase by 0.32 pence per litre from 1 April
As a result of the last quarter’s average exchange rate being introduced into the cooperative’s currency smoothing mechanism, the manufacturing litre has been taken up to 27.43 pence.
Commenting on the markets, Arla Foods amba board director, Johnnie Russell, said: "Commodity market prices have stabilised over the last few weeks, however protein prices remain at record low values.
"The recent increases in butterfat and cheese prices have diminished with these prices also stabilising around their February levels."