Farm Ireland

Saturday 17 February 2018

Dairygold launches second fixed milk price scheme

Margaret Donnelly

Margaret Donnelly

Dairygold has introduced a new Fixed Milk Price scheme for suppliers.

The new scheme will run over a three year period from March 1 this year (2017) to November 30, 2019 inclusive.

The scheme offers a fixed price of 30.75c/L, including VAT, set at reference milk constituents of 3.30pc protein and 3.60pc butterfat, including Full Balanced Scorecard and Sustainable Dairy Assurance Scheme (SDAS) bonuses.

Under the scheme a milk supplier delivering the 2016 average Dairygold milk constituents will receive a price of 34.05c/L, Dairygold says.

This is the second Fixed Milk Price scheme offered by the Society and like the previous one, it is voluntary and open to all milk supplying Society Members who have completed Milk Volume Forecasting and are participating in the Sustainable Dairy Assurance Scheme.

Interested milk suppliers will be asked to apply before Wednesday, February 15, expressing their preference for 5pc or 10pc of their 2016 supply. The fixed volume selected will apply for each calendar year 2017, 2018, and 2019.

Speaking about the scheme, Dairygold Chairman James Lynch said the scheme is voluntary but gives members the opportunity to de-risk a portion of their milk supply for the next three years.

"I believe it is important for every Member to consider the option from their own perspective to hedge against future market volatility."

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