Milk prices won’t fall any further, UK producer warns – as he says cost of your supermarket shop will never be as cheap as it used to be
- UK Supermarkets are now charging around £1.45 for four pints
- Arla is warning shoppers that they are very unlikely to slash the price any further
The price of a pint of milk is here to stay and Brits should not expect their supermarket shop to get any cheaper, according to the UK’s biggest dairy producer.
Supermarkets are now charging around £1.45 for four pints and Arla is warning shoppers that they are very unlikely to slash the price any further.
A few months ago, the price for four pints was a stomach curdling £1.65.
The cut in cost followed a drop in energy and feed costs which spiked last year – sending prices sky rocketing by around 40 per cent.
The catastrophic war in Ukraine also contributed to the fastest rise of basic essentials in 45 years.
UK Supermarkets are now charging around £1.45 for four pints
Arla’s managing director Ash Amirahmadi said they had shrunk its Lurpak tubs from 500g to 400g and cut the price by a fifth after customers said it was too costly.
While fresh food inflation eased last month, Arla’s managing director Ash Amirahmadi told The Sun that he think prices will remain elevated.
He told the Sun: ‘We are looking at a future with food that’s more expensive. I don’t think that we are going back to the prices pre-inflation.’
Sales of Arla’s branded products, such as Lurpak butter, plummeted by 10 per cent last year as shoppers switched to lower-priced own-brands to save cash.
Shoppers distressed that inflation is ‘going mad’ after a 600g tub of Lurpak worth a whopping £5.35 was locked up in security netting in Aldi.
Since last year, a 500g tub of Lurpak butter has increased by around 37 per cent in price in Aldi stores, from an initial £3.65.
Mr Amirahmadi said Arla had shrunk its Lurpak tubs from 500g to 400g and cut the price by a fifth after customers said it was too costly.
Milk prices were slashed at Aldi, Lidl and Asda after their supermarket rivals Sainsbury’s and Tesco dropped their prices first by 10p in April.
Source: Read Full Article