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Arla Foods amba’s on account price for conventional milk will increase by 1 eurocent for October 2018.

As a result of this and a 0.19 pence quarterly adjustment in the currency smoothing mechanism Arla’s manufacturing price will increase by 1.09 pence to 32.47 pence per litre, from 1 October 2018.

Commenting on the decision to increase the price, Arla Foods amba board director, Johnnie Russell, said: “While Arla’s performance has strengthened enabling this welcomed increase, the recent recovery in commodity prices has slowed especially in the last week or so, however, the full impact of the drought is as yet unknown.”