Arla Foods is raising its milk price to owners by one eurocent per kilogramme from 1 September.
When the increase in the on-account price is applied to the UK standard manufacturing litre, the increase equates to an upward movement of 0.81 pence, taking the UK standard litre for conventional milk to 30.79 pence.
Commenting on the decision to increase the price, Arla Foods amba board director, Jonathan Ovens, said: “This is the third consecutive increase in Arla’s milk price which is a result of the continuing strengthening of the markets.”