New Muller Wiseman Contract June 3, 2013 12:00 am A new milk contract has been offered to the 381 Muller Wiseman milk group members currently on the standard price contract. The new milk price formula links the producer price to the movements in global commodity values. This new contract will initially be available for nine months starting 1 July 2013 for a maximum of 110 million litres. This new Muller Wiseman price will be calculated using benchmarks for Actual milk Price Equivalent (AMPE) and Cheese Milk Value Equivalent (CMVE) as well as competitors’ milk prices. This new formula structure comes after Dairy Crest announced a producer price linked, in part, to input costs (feed, fertiliser and fuel). Both companies remain committed to the DEFRA Voluntary Code of Best Practice for Dairy Contracts.
