{"id":53111,"date":"2022-08-30T11:05:05","date_gmt":"2022-08-30T11:05:05","guid":{"rendered":"https:\/\/tahrir2day.com\/news\/2022\/08\/30\/lurpak-maker-arla-warns-dairy-prices-will-remain-high\/"},"modified":"2022-08-30T11:05:05","modified_gmt":"2022-08-30T11:05:05","slug":"lurpak-maker-arla-warns-dairy-prices-will-remain-high","status":"publish","type":"post","link":"https:\/\/tahrir2day.com\/news\/2022\/08\/30\/lurpak-maker-arla-warns-dairy-prices-will-remain-high\/","title":{"rendered":"Lurpak maker Arla warns dairy prices will remain high"},"content":{"rendered":"
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Lurpak butter brand maker has announced milk prices will remain high due to a drop in global milk production and rising costs. <\/b><\/p>\n<\/div>\n

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Arla reported a 17% increase in revenue for the first six months of the year, driven by significant price increases. <\/p>\n<\/div>\n

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Shoppers recently expressed shock when the price of a 750g can of Lurpak exceeded \u00a37 in some supermarkets.<\/p>\n<\/div>\n

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Arla, Britain’s largest supplier of fresh milk and cream, said the war in Ukraine has increased costs for farmers. <\/p>\n<\/div>\n

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Russia and Ukraine are among the world’s top exporters of fertilizers and animal feed, but the Kremlin invasion has disrupted supplies, causing prices to soar. <\/p>\n<\/div>\n

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Fuel prices were already rising as energy demand picked up following the easing of Covid restrictions. But the war pushed them further up due to sanctions and severe transport disruptions. <\/p>\n<\/div>\n

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Rising food prices pushed the UK inflation rate – the pace at which prices are rising – to a four-decade high of 10.1% in July, driven largely by staples such as milk, cheese, eggs and bread.<\/p>\n<\/div>\n

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  • Cost of Living: Why Are Prices Rising So Fast?<\/li>\n<\/ul>\n<\/div>\n<\/div>\n
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    Arla, the world’s fifth-largest dairy company, said it increased the prepaid price of milk for its farmers because of the significant cost increases they were facing. <\/p>\n<\/div>\n

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    However, it said: “This has yet to ensure an increase in milk production due to the continued and significant increase in operating costs and the uncertainty created by the current global market conditions”. <\/p>\n<\/div>\n

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    The company expects the second half of the year to be “even more challenging” due to “continued inflationary pressures and political unrest”. <\/p>\n<\/div>\n

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    In the first half of the financial year, revenue rose to \u20ac6.3bn (\u00a35.3bn) while pre-tax profit rose 9% to \u20ac230m.<\/p>\n<\/div>\n

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    Arla said global milk production is expected to continue to decline and “contributes to persistently high milk prices,” which is likely to further reduce consumption. <\/p>\n<\/div>\n

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    After a strong performance during the pandemic, fueled by increased consumption at home, the company said growth for its branded products like Lurpak was flat. <\/p>\n<\/div>\n

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    Consumers are already buying less and “bartering” for cheaper products, especially in the butter and spreads category. <\/p>\n<\/div>\n

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    Earlier this year, Lurpak was trending on Twitter as customers complained about rising prices. A 750g tub of the spreadable butter is currently \u00a36.75 with Tesco’s online delivery and \u00a36 with Asda. <\/p>\n<\/div>\n

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    In July, some shoppers shared photos of the product covered in security tags, which Asda says was a decision for individual stores that may have noticed a particular product was missing. <\/p>\n<\/div>\n

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    At the time, Arla said it understood that food price inflation was hitting households hard, but farmers were also facing significant cost increases.<\/p>\n<\/div>\n

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    “While we don’t set prices on the shelves, we work closely with retailers to ensure our farmers receive a fair price for the milk they produce,” the company said. <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

    Lurpak butter brand maker has announced milk prices will remain high due to a drop in global milk production and rising costs. Arla reported a 17% increase in revenue for the first six months of the year, driven by significant price increases. Shoppers recently expressed shock when the price of a 750g can of Lurpak […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-53111","post","type-post","status-publish","format-standard","hentry","category-business"],"yoast_head":"\nLurpak maker Arla warns dairy prices will remain high - Tahrir News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tahrir2day.com\/news\/2022\/08\/30\/lurpak-maker-arla-warns-dairy-prices-will-remain-high\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lurpak maker Arla warns dairy prices will remain high\" \/>\n<meta property=\"og:description\" content=\"Lurpak butter brand maker has announced milk prices will remain high due to a drop in global milk production and rising costs. 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