“Some 328 dairy farmers have confirmed their intention to take part, which was enough to seal the effective implementation of the project, Colruyt said in a press release. “Together they will supply the required volume of 30 million litres of milk.”
The participating farmers have pledged to provide 18.5% of their output for five years, starting in April 2020. This could increase to a maximum of 30%, based on the sales of Boni Selection products.
The price paid to the producers will remain at 34.76 cents/litre for the entire five-year period, according to the press release, which added that Inex and Colruyt Group plan to assess the system regularly.
For the farmers, the main arguments in favour of the project are a guaranteed market and stable prices.