Butter and Milk Prices Likely to Fall Sharply, Lurpak Maker Says
- Arla Foods says its costs are easing and prices will too
- Food price inflation accellerated on price of dairy and eggs
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Arla Foods AB, the Danish maker of Lurpak butter, expects the cost of dairy products to fall sharply in 2023 in the UK after becoming a hot spot of inflation.
The boss of the UK’s biggest dairy producer said he is confident that all the cost pressures facing its farmers have now passed though. The remarks open the potential for relief from eye-watering prices for everyday food items that accompanied a cost-of-living squeeze.