The Australia Dairy Products Federation has released a template sample dairy contract, as the deadline approaches for most Australian farmers to sign new code-compliant contracts.
Senator Susan McDonald has threatened a Royal Commission into ongoing low payments to dairy farmers.
Global dairy prices stabilised at auction on Tuesday night but pundits warn the market is still dogged by uncertainty.
Australian Dairy Farmers is developing a new standard form contract that complies with the mandatory code of conduct.
Executives from two of Australia's biggest dairy processors have warned that the COVID-19 pandemic is disrupting markets in ways not seen before.
Dairy processors must include a statement justifying the minimum prices offered in new milk supply agreements required under the new mandatory Dairy Code of Conduct.