FARMER CO-OPERATIVE Arla Foods amba is holding its milk price through into May 2015.
The UK standard litre has increased by 0.03 pence per litre (ppl) to 25.83ppl, following confirmation of the exchange rate used in the company’s ‘currency smoothing mechanism’ to convert the milk price for this quarter. This increase has been backdated to 1 April 2015.
Ash Amirahmadi, Arla Foods UK head of milk and member services, said: “Commodity markets continue to show their recent negative trend and trading conditions are difficult. We maintain our focus on maximising the returns for our members at a challenging time.”