DFMC’s all-important Milk Supply Agreement (MSA) with Lion Dairy & Drinks (Lion) has been formally extended by a further three years with an Amendment and Restatement Deed that runs through to 30 June 2022.
As the document name suggests, the core elements of the current MSA are largely being restated with some amendments.
Chairman Andrew Burnett said “The Board is forever mindful that dairy farming is a long-term commitment. This extension to our MSA continues to provided value and security for our members in an ever changing dairy landscape. As we begin the new financial year, milk price and purchasing policy will continue to be critical to our members. The MSA provides a great framework for our negotiations and we are confident of delivering a strong competitive milk price.”
Details of the MSA will be shared with members in upcoming pricing letters and at supplier meetings in July.