Paynes offer a fixed price option for 28ppl

Paynes Dairies are offering a fixed price contract at 28ppl, which will run until November 2019.  The positive interest and uptake has been excellent with a couple of exceptions who declined on the basis it’s not enough money!  Initially all Paynes suppliers have been offered the opportunity to fix up to 2% of their production, which could prove to be an administrative nightmare.  The identity of the customer offering the fixed price is currently embargoed, however, it is anticipated they will recognise the benefits of publically attaching their name to the initiative.  Charlie Payne has confirmed to Ian that he is in negotiations with other customers over similar smoothing mechanisms.