The UK standard litre has increased by 0.03ppl to 25.83ppl, following confirmation of the exchange rate used in the currency smoothing mechanism to convert the milk price for this quarter. This increase has been backdated to 1 April 2015.
Commenting on the decision to hold the milk price, Ash Amirahmadi, Arla Foods UK head of milk and member services, commented: “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.”
At the end of March 2015 Arla Foods raised its on-account price from 30 March by 1.5 eurocents. which raised the UK standard litre by 0.83 pence, taking it to 25.8 pence.
