Arla refuses to issue 2015 forecast amid volatility

Arla Foods has abandoned its practice of making year-end predictions for the dairy sector, citing “extreme volatility” in world milk prices.

The Danish co-op said issuing a forecast for farmgate prices for the end of this year was impossible in the present market conditions.

It said the downturn is a product of increased milk output, falling demand in China, along with Russia’s embargo on imports from Western countries.