Arla augments milk price payments

Progress in Arla's international industrial markets for milk powder and cheese and a further upturn in the US dollar and sterling have enabled Arla Foods to increase the payment to Danish and Swedish co-operative owners.

Arla Foods is raising the price paid to its co-operative owners by DKK15 (US$2.5) with effect from May 31, 2010. As a result, the Arla price will be DKK230.4 (US$38.7) per kg conventional milk and DKK288.3 (US$48.4) per kg organic milk. The decision was taken at a board meeting on May 19. 

''Arla is seeing strong development, which is confirmed by the strategy we have chosen. The increased payment will be welcome news for all our co-operative owners who have been under considerable pressure for some time,'' said Chairman Ove Møberg.