Dairy Crest milk bottles in crate© Rex Shutterstock
DCD members who supply milk under the producer organisation’s formula contract will see their farmgate price drop by 1.425p/litre in January. The cut is accounted for by an agreed 1.6p/litre rebasing of the formula, for which members were given 12 months’ notice in December 2014. The effect of this is partially countered by a slight price increase delivered by changes in the value of the elements taken into account in the formula used to calculate the farmgate price. See also: […]
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