The new contract is for three years until 2017. Although the conditions of the contract will change from 2014 our ongoing cost reductions are expected to offset any financial impact on our business.
Mark Allen, chief executive of Dairy Crest, said: “We are delighted to have retained our Sainsbury’s business. Our track record of making efficiencies allows us to supply our customers with competitively priced milk, pay our farmers a fair price and move towards our medium-term target of 3% return on sales in our dairies business.”
Source: Dairy Crest
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