Asda pledges to pay supplier 28per a litre

The chain says it will commit to paying 28p per litre for 100% of its liquid milk throughout its entire range.

It is less than the 30-32p farmers estimate it costs to produce each litre but the farming union welcomed it.

 

Asda's announcement comes after protests by dairy farmers at branches of Asda, Morrisons, Lidl and Aldi over the price they are paid for their milk.

Joint-Ventur Partnership in Local production of milk Receives Boost

A joint-venture agreement to build the expertise in the local production of milk has been formalised in Kumasi.

This led to the signing of a pact between the Kwame Nkrumah University of Science and Technology (KNUST) and Peak Investment Capital (PIC), a Social Enterprise and Investment Fund committed to capacity-building.

The company, working in collaboration with some international organisations, would assist the University, Ghana’s premier science and technology institution, to boost its research capacity to engender innovations and development of new products within the diary production line.