Dairygold Launches Fixed Milk Price Scheme
Dairygold is pleased to announce the details of its new Fixed Milk Price Scheme which will run over a three-year period from 1st March 2018 to 30th November 2020.The scheme provides milk suppliers with a voluntary option to help manage milk price volatility and deliver price certainty on a fixed volume of their milk deliveries.
It offers a fixed price of 31.25 cent per litre, including VAT, set at reference milk constituents of 3.30% Protein and 3.60% Butterfat, including bonuses.Under this new scheme a milk supplier delivering the 2017 average Dairygold milk constituents (Fat and Protein) will receive equivalent to an average price of 34.77 cpl.
This is Dairygold’s third Fixed Milk Price Scheme. It is voluntary and open to all contracted milk supplying Society Members.
Interested milk suppliers are asked to apply before Friday 16th February expressing their preference for 5% or 10% of their 2017 supply, a fixed volume which will apply for each calendar year to November 2020.
Speaking about the scheme, Dairygold Chairman John O’Gorman stated;
“We are pleased to offer our Members the voluntary option of a new Fixed Milk Price Scheme particularly in the context of recent months in which we have seen significant Dairy market volatility. The scheme will allow our suppliers to fix the returns they get from a portion of their produce and to protect their margin.”