Woolworths announces new milk contracts

 In Australia, NewZealand, Woolworths
Woolworths has entered into new milk contracts with Fonterra, Parmalat, Brownes and Lion and claims these contracts will give dairy farmers and processors more certainty to invest and innovate.
The contracts with milk processors in Queensland (Parmalat), Western Australia (Brownes) and Victoria (Fonterra) are for significantly longer periods – 10, 7.5 and 10 years, respectively – than Woolworths has made in the past.
Woolworths said these contracts give dairy farmers and milk processors long-term certainty that will allow them to invest in their businesses with confidence that they have a guaranteed buyer for their milk.  Retail World – Read more…

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