EUROPE - Dairy cooperative Arla Foods amba is maintaining its on-account milk price at 21.81 pence per litre, through March 2016, for its 12,700 owners.
Commenting on the situation, Ash Amirahmadi, head of milk and member services at Arla Foods UK, said: “The ongoing imbalance between conventional milk supply and demand is putting continued pressure on the on-farm economy, while the significant increase in production across northern Europe is resulting in higher cheese and ingredients stocks, resulting in sustained downward pressure on the markets.
“The GDT auction has also mirrored this with a downward trend. In contrast, the market for organic products, mainly in Europe, remains strong and organic milk continues to be in demand.”
TheCattleSite News Desk