Cows in milking parlour©Juice/Rex
Many processors are set to revisit their milk contract pricing strategy as a result of an oversupply of milk and subsequent lower milk prices. In recent weeks, First Milk joined a growing number of processors choosing to move their suppliers onto A-B contracts. Their aim is to match milk production with market requirements and processing capacity. A-B contracts pay an amount for a set number of “A” litres, usually based on an individual farm’s 12-month average production. Depending on the […]