The Arla Foods amba on-account price will remain unchanged in February 2015.
There is, however, a small , positive, adjustment to the 2015 forecasted 13th payment which equates to a 0.06ppl increase, raising the UK standard litre price to 24.87 pence.
Commenting on the price, Peter Winstone, Arla Foods amba farmer board director, said: “Arla’s milk price is calculated using a formulaic pricing mechanism, based on the revenue of the entire global business. The performance of the business in January along with the forecast for the financial year, on which the February price is calculated, indicate that Arla is in a position to be able to maintain its milk price into February for our 13,500 owners, including 3,000 from the UK.”
Ash Amirahmadi, head of milk and member services at Arla Foods UK, added: “The GDT auction continues its weak upward trend, but the imbalance between supply and demand continues. Markets remain under pressure and this is affecting the entire dairy industry across Europe. Unfortunately, the uncertainty in supply and demand over the coming months continues to impact on market conditions.”
