date:Mar 11, 2013
UK-based dairy giant Dairy Crest and Dairy Crest Direct (DCD) are set to introduce a new formula-based milk contract to British dairy farmers from 1 April 2013.
The new contract will provide a formula method of establishing milk price movements and is available to all farmers supplying Dairy Crest on standard liquid contracts.
The formula price mechanism has been developed by independent consultant Stephen Bradley.
Farmers can choose to place either all or part of their milk supply volume on