I welcome this agreement... I hope that it will provide greater fairness and transparency in contractual arrangements across the sector. I am sure the industry as a whole will welcome the new Code and its potential to transform the way that business is done in the dairy industry.
It will be important that the operation of the new voluntary Code is kept under review as I want to see the Code deliver real change in the industry.
The dairy industry is of key importance to our economy and our Programme for Government specifically identifies dairy as a priority sector for attention and support. The plan for milk which I announced in July outlines Welsh Government support for the sector and I will be continuing discussions with industry in this regard.
It follows a series of blockades by group Farmers for Action in protest of the prices they receive from suppliers for their produce.
Welsh dairy farmers said they won't strike during the Olympics but are prepared to protest again if milk processors fail to reverse cuts.
Dairy farmers will meet with the NFU at Welshpool market this morning to discuss the latest developments in the row over milk prices.