Arla Foods Continues to Increase Milk Price
June 28
11:42
2010
Continuing progress in its international industrial markets and a generally increasing demand for milk have enabled Arla Foods to raise the price paid to its co-operative members per kg of milk – the so-called Arla price – by 7.5 Danish ore.
“Global market prices in the industrial area combined with exchange rate developments have resulted in a significant boost to earnings. At the same time, we’re seeing that the increased demand for milk is beginning to impact on prices in the retail sector which have remained low all through the economic recession,” says Peder Tuborgh, chief executive of Arla Foods.
This is the fifth time in succession for the Arla price to be adjusted upwards. The increases since October 2009 total 50 ore.
