Dairy Crest lift payout, citing milk price revival
Dairy Crest lifted its payout to farmers for milk, flagging “expectations of improving returns from commodity markets” even as it cautioned over the “significant pressures” on the group, which it expected to continue.
Dairy Crest – the UK’s last listed dairy company, and “the only major processor in British ownership” after Robert Wiseman Dairies and Milk Link takeouts earlier this year – said that it was lifting to 29p per litre prices for milk on many of its producers.
Farmers on non-aligned contracts, had been receiving prices of 26.6p per litre, with those on a Davidstow cheese deal also included getting 28.2p per litre.
http://www.agrimoney.com/news/dairy-crest-lift-payout-citing-milk-price-revival–5021.html
