Dairy Crest Compromising on Milk Price
One of the largest milk suppliers overseas is trying to patch things up with its dairy farmers. Among other things, Dairy Crest vows to terminate year-long contracts if farmers are not happy with prices. However, some believe the only thing farmers need is a reversal in price cut—right now milk is worth less than it costs to produce.
One of Britain's largest milk suppliers is relaxing rules that tie crisis-hit farmers into lengthy 12 month contracts.
Dairy Crest, which supplies around 15% of British milk production, said farmers will be able to move their milk supply with three months' notice if they are unhappy with price changes, instead of the 12 months currently.