Dairy co-operative Arla has confirmed that it will increase its October milk price by 1.09 pence to 32.47p per litre.
As a result of this and a 0.19 pence quarterly adjustment in the currency smoothing mechanism, Arla’s manufacturing price will increase to 32.47 pence per litre, from 1 October 2018.
Commenting on the decision to increase the price, Arla Foods amba board director, Johnnie Russell said: “While Arla’s performance has strengthened enabling this welcomed increase, the recent recovery in commodity prices has slowed especially in the last week or so, however, the full impact of the drought is as yet unknown.”
Arla farmers are paid on constituents via a manufacturing schedule. For ease of comparison, the liquid price is 31.21 pence per litre, based on 4% fat and 3.3% protein.
