The Arla Foods amba on-account price for conventional milk is unchanged during August 2016 at 19.05ppl.
Commenting on the decision, Arla Foods board director, Johnnie Russell, said: "The strengthening of commodity markets, as well as some European retail markets, indicates that markets are continuing to firm and we believe that the market situation is more stable."
Arla Foods is a global dairy company and co-operative owned by 12,700 dairy farmers with circa 2,700 of whom are British.
Earlier this month, Aled Jones, the NFU Cymru Milk Board Chairman, has said that with further positive moves on the markets, more money should now be coming back to the farm gate and not 'held-up' in the supply chain.
"It’s still early days but from what we’re seeing on the futures markets, it’s looking like things are on the cusp of improving.
"Supply is pulling back across the world and there are reports that dairy consumption will be bigger than the growth in production this year.
"On farm we’ve seen price increases, a few price holds and although no overall change on the last Global Dairy Trade auction, this follows two positive auctions."
Dairy commodity prices have strengthened with AHDB figures showing that as the markets continued to firm throughout the year, wholesale prices have also been pushed upwards.
