Madeta makes deal with farmers on milk supplies

The largest Czech dairy producer Madeta has clinched a deal with Czech farmers on milk supplies in the coming year, allaying fears of a significant price hike on all its products as well as possible lay-offs. The Bohemian farming cooperative has promised to continue delivering milk supplies to Madeta for at least another year. The cooperative has been exporting a third of its milk output to Germany for the past three years and had threatened to end all sales to Madeta because foreign buyers paid a better price.