Arla Maintains Steady Milk Prices for February, Unchanged from Previous Month
Source: The DairyNews
Arla has confirmed that milk prices for both conventional and organic milk will remain unchanged for February 2024. The manufacturing price in the UK will stand at 39.18ppl for conventional milk and 46.50ppl for organic milk.
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Arthur Fearnall, Arla Foods amba board director, noted that while global milk supplies are slowing down, EU milk supplies are expected to expand with seasonal increases in the spring. He added that global commodity markets are stable, and retail sales for both conventional and organic milk continue to show positive trends.
Paul Savage, Agriculture director for Arla UK, stated that this stable market outlook and the steady prices will be welcomed by the company's farmer owners, especially following the challenges experienced in the previous year.
Paul Savage, Agriculture director for Arla UK, stated that this stable market outlook and the steady prices will be welcomed by the company's farmer owners, especially following the challenges experienced in the previous year.