In 2013, Dairy Crest was the first processor to launch a formula price for farmers on standard contracts, and from April it will offer farmers a re-based and enhanced financial offer based on market conditions.
The Core Formula Contract will deliver a milk price for April of 32.75 ppl on a standard basis, which represents a 2.5 ppl increase against the current formula prediction. The key focus for this contract will be volume. The start price for April is 32.56 ppl on a standard litre basis.
Dairy Crest’s group procurement director, Mike Sheldon, said: “This is a really positive step from Dairy Crest and DCD, and shows our commitment to deliver a fair, competitive milk price as well as a wide choice of contract models to our farmers.”
Source: Dairy Crest
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