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Kerry has offered its first two-year fixed milk price scheme to suppliers, offering 30.26c/l excluding VAT (31.9c/l including VAT) for milk at 3.3% protein and 3.6% butterfat.
The scheme is voluntary and runs from March to October 2020 and 2021.
Scheme limits
Suppliers could pledge a maximum of 20% of their milk supply to the scheme. This marked Kerry’s sixth milk price scheme this year and within the terms of the scheme suppliers can join multiple schemes providing they do not exceed 70% of their contracted milk supply.
The scheme was opened for online applications for a 24-hour period from 2pm on 27 November and suppliers were notified via text.
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