More than a year on from Russia’s invasion of Ukraine, dairy commodity prices have started to recover from the highs experienced in 2022. But as the market adjusts, processors find themselves under increasing pressure to reduce farmgate milk prices.
Arla Foods amba has confirmed further farmgate milk price increases as farmers continue to grapple with soaring on-farm costs. However, the dairy cooperative also noted that commodity prices are beginning to stabilise.
National Farmers’ Union (NFU) Scotland is calling on all Scottish companies purchasing milk to immediately recognize the strength of current dairy markets and return Scotland’s dairy farmers to profitable production.
UK milk processor Robert Wiseman Dairies has confirmed that its
full year results will be in line with analysts' expectations and
has pledged to up its average farmgate milk price for the first
time in over a year, Tom Armitage...