Dairy Crest is announcing a further initiative to find a long-term solution for the dairy sector.
It is setting aside for two months the milk purchase price cut that was due to be implemented on 1 August.
The delay will give Dairy Crest and its farmers time to continue to work together to seek solutions to the current difficulties that are facing the dairy sector and are affecting farmers and processors alike, the company said.
Two of Dairy Crest’s customers have already agreed to pay a supplement to support farmers. Although all of the additional revenue from these customers will be fed back to farmers it is not enough to completely reverse the previously announced cut.
However, in the short term, while discussions with other customers are ongoing, Dairy Crest will make up any shortfall itself.
Source: Dairy Crest
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