Milk producers hit by £200m time lag for rising prices



The time lag between the rapidly rising world milk price and that being paid to the primary producers has short changed dairy farmers to the tune of £200 million, according to the English NFU, which has called for buyers to recognise the strength of current markets.
After two years of turmoil in the dairy sector, during which time milk prices for many farmers have been – and continue to be – below the cost of production, commodity markets have now quickly turned.
Until milk buyers start backing British dairy farmers, volumes will not recover Michael Oakes, NFU According to the union, market... read more

 
5 October 2016 in Business, Views: 35
Source: Scotsman
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