Arla announces fresh price cuts for its suppliersStaff writer ▼ | April 22, 2016
Danish-based dairy cooperative Arla has announced fresh price cuts for its suppliers, set to take effect from May.
Food prices Arla Foods amba is cutting its on-account price
Those on a direct contract will see prices fall by 0.9ppl, meaning milk prices will drop to 15.1ppl from June.
In a statement on the price cut, Arla blamed the continued supply and demand imbalance on the market for the decision. Executives said this has led to further pressure on prices of dairy commodities around the world. ■