8 December 1995

MMoffers forward contracts

MILK Marque is increasing the flexibility of its selling system by introducing forward contracts.

"We are evolving our selling system in response to customers comments and in the light of our own experience," says chief executive Andrew Dare.

The co-op will announce the prices and volumes of milk available for delivery from April 1996 early in the new year. Once the selling round is complete customers will then be offered forward contracts for a six-month period running from Oct 1, 1996.

The forward contract option will give dairies the flexibility to vary the volumes or services they buy from Milk Marque through the year while having the reassurance in advance that they have secured their supplies.