Farmgate prices are also under pressure in Europe, with major
cooperative Arla Foods announcing a 3% price cut for its
suppliers in the United Kingdom. The move reverses an
equivalent increase in April, and was blamed on global markets.
It’s unlikely to be the last such announcement in Europe, with year
on year milk production growth showing little sign of easing, and
spot milk trading at a significant discount post farmgate.
The first of ‘enough mozzarella to top more than 300 million