Arla Foods amba board director, and farmer owner, Arthur Fearnall, said; “European commodity prices for cheese and powder continued their strong development in December, while butter markets stablished. While this month is a hold for our milk price, a positive outlook will be welcomed by our farmer owners. The value of producing milk is increasing like never before and our farmers are continuing to experience significant inflation. This is impacting not only short -term operations, but also longer term costs which are challenging the viability and investments needed to stay at the forefront of sustainable farming.”