The National Farmers’ Union (NFU) has expressed its disappointment today as the dairy industry saw another price cut announced at the same time as products like butter are trading at record highs.

The NFU said Arla’s recent 0.4ppl price cut is a surprising move when the Arla Amba price remains unchanged.

Numerous other dairy organisations, such as Dairy CrestArlaBarber’sFirst Milk and Meadow Foods, have all decreased or unchanged their milk prices for May and beyond.

NFU dairy board chairman Michael Oakes said: “Last month I applauded the UK Arla Farmers board in supporting UK members by removing the impact of the EU milk price reduction of one eurocent per kilogram.

Little did I know at the time that they would seek to rebalance the UK purse so soon.

“At the Dairy Industry Newsletter conference last week I heard that EU butter markets are exceptionally good with futures prices up to €5400 and €5500 for June and July.

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