UK: Arla Milk Link price cut "bitter blow"
News that Arla Milk Link is cutting its farmgate milk price will come as a "bitter and unacceptable" blow to its farmer suppliers, the National Farmers Union has warned.
Arla Milk Link, which was formed following the acquisition of Milk Link by Arla Foods, announced this week it is reducing the price it pays for milk by 0.23 ppl in order to offset fluctuations in currency exchange.
Responding to the move, NFU dairy board chairman, Mansel Raymond emphasised that the price cut comes at a time when farmers are already struggling with rising production costs.
"We urge Arla Milk Link to urgently seek ways to further mitigate against the damaging short-term effects of the transitional milk pricing formula, on these already beleaguered farming businesses," he commented.
The NFU said it is seeking "urgent discussions" with Arla Milk Link.
The rapidly expanding Chinese food sector has long been a focus for multinationals looking beyond developed western markets for expansion. However, it isn't just the international food Goliaths - with...
Danone is to make another attempt to tap into the booming demand for fresh dairy products in China. The French food group is teaming up with Chinese dairy giant Mengniu, the largest yoghurt producer i...
China Mengniu Dairy Co. is expected to announce it has struck a deal to acquire a controlling stake in local infant formula firm Yashili International Holdings. ...
Adams Foods has moved its Mu cheese brand into the milkshake category with a launch in Tesco....
Arla Foods has insisted there is "no conflict" between its venture with Mengniu and the Chinese dairy's planned new partnership with Danone....
- just-food's pick: Innovation on show at ISM 2016
- What are the implications of Brexit for UK food?
- Mondelez results and outlook - 7 things to learn
- Richelieu Foods CEO eyes growth - interview
- Foodservice focus: McDonald's/Five Guys/Starbucks
- Mars to cut artificial colours from global foods
- Chobani targets growth after rejecting offers
- PepsiCo's Nooyi: "macro challenges" will continue
- Private-equity firm HKW acquires Panos Brands
- WWF launches food security platform