Farmer-Owned Dairy Co-op Posts Higher Revenue So Far In 2017

European dairy cooperative Arla reported a three percent rise in revenue in the first half of 2017, thanks to a long-awaited upturn in prices. The co-op expects to hit full-year targets for profit and a full-year revenue increase of nearly $1.2 billion. Global milk prices recovered in the first half of the year, after nearly three years of low prices. Arla said the higher prices were the result of lower or steady milk production compared to last year in dairy-producing markets, plus improved demand in Europe, the U.S., and emerging markets. Arla is owned by 11.200 farmers in Denmark, Sweden, the U.K., Germany, Belgium, Luxemburg and the Netherlands. [Image Credit: © Arla ]