Milk price for January 2024 will increase by 3.0 €c/kg for conventional and organic milk
From 1st January 2024, the Arla on-account price for conventional and organic milk will increase by 3.0 €c/kg. However, in Central Europe, the organic on-account milk price will increase by 5.0 €c/kg.
Arla Foods amba board director, and Arla farmer, Arthur Fearnall, said: “This is a good start to the new year. Retail sales continue to pick up after the turnaround in quarter three in 2023. Global commodity prices continue to recover as well. However, they are slightly weakened after seasonal demands are fulfilled. In Central Europe, the increase for organic is driven by the transition of the certification scheme to the organic association Naturland and following the increased profitability from retail positions. The outlook is stable.”
Paul Savage, Agriculture Director for Arla UK continues: “Both conventional and organic markets are coming back to growth and our retail branded sales continue to improve. With a stable outlook, this latest and significant increase should give confidence to our farmer owners as we begin the start of a new year.”
