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Markets hit milk prices

By North Devon Journal  |  Posted: May 01, 2014

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SOME North Devon dairy farmers have seen the price for their milk fall by more than a penny a litre this week.

They belong to the international co-operative, Arla Foods amba, which reduced its global on-account milk price by 1.27 pence per litre from Monday.

Arla's standard price in the UK is now 33.74ppl.

Arla Foods UK's head of milk and member services, Ash Amirahmadi, said: "In recent months there has been a significant negative trend in commodity markets and, sadly, we are not immune from trends in the global dairy markets."

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