Kerry Group has written to its milk suppliers with its fixed milk price offering of 29.33c/l for three years.

Under the terms of the scheme, milk supplied to Kerry under the fixed milk price scheme must be supplied from March to October of each year of the scheme, as per the Kerry Agribusiness supply curve.

The scheme will pay farmers a fixed milk price of 29.33c/l, excluding VAT (31c/l including VAT), for milk at 3.3% protein and 3.6% butterfat.

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It will run for three years, from 2018 to 2020.

Farmers who decide to join the scheme can choose to supply 5% of their contracted milk supply, 10% of their supply or choose between 11 and 20% of supply.

The closing date for the return of forms is 29 September for Kerry suppliers who wish to apply.

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Listen: 31c/l fixed milk price schemes from Glanbia and Kerry