Arla has confirmed that prices for both conventional and organic milk for February 2024 will remain unchanged.

The UK manufacturing price will be 39.18ppl for conventional milk and 46.50ppl for organic milk.

Arla Foods amba board director, Arthur Fearnall, stated that while global milk supplies are slowing down, EU milk supplies are expected to expand with seasonal increases in the spring.

He explained: “Global commodity markets are stable and across both conventional and organic milk, our retail sales continue to pick up."

Agriculture director for Arla UK, Paul Savage, commented: “Following a turbulent start to last year, this announcement and the stable market outlook will be welcomed by our farmer owners.”