Dairygold Co-op has introduced its second fixed milk price scheme, while Arrabawn has just announced its first ever. In December,
Glanbia announced its most recent three-year fixed milk price offering for 2017 to 2019 inclusive. For all three processors, the fixed price offering varies from 28.55c/litre to 29.03c/l. All are ex VAT and conditional bonuses.
Dairygold Co-op has introduced its second fixed milk price scheme, while Arrabawn has just announced its first ever. In December, Glanbia announced its most recent three-year fixed milk price offering for 2017 to 2019 inclusive.
For all three processors, the fixed price offering varies from 28.55c/litre to 29.03c/l. All are ex VAT and conditional bonuses.
It is possible to get a 29.17c/l fixed price in Dairygold but this is conditional on attaining top-quality bonuses and being quality-assured. In Glanbia, it is possible to get a higher and lower price if the market went up or under a threshold and/or if input costs rise considerably. Glanbia forecast inflation for 2017 is 0.65c/l VAT-inclusive, generating an inflation adjusted base milk of 29.2c/l ex VAT for 2017.
The new Dairygold scheme will run for a three-year period from 1 March 2017 to 30 November 2019 inclusive. Glanbia starts 1 January 2017. The Arrabawn scheme runs from March to November inclusive each year (2017 to 2019).
Applications
Interested Dairygold milk suppliers will be asked to apply before 15 February expressing their preference for 5% or 10% of their 2016 supply. Glanbia application forms are on farms now, with a 10 February deadline. Table 1 shows the most recent fixed milk price offerings (2017 to 2019).
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Fixed milk price scheme coverage
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