A new fixed milk price scheme is to be rolled out by Aurivo in the Republic of Ireland and covering milk supplies from 1 January 2020 to 31 December 2020.
Participating farmers will get a 30.36c/l, excluding VAT, base price for a maximum of 10% of their 2019 manufacturing monthly supply.
The scheme will guarantee a secure price on a fixed proportion of supply over a defined period, in order to help dairy farmers manage milk price volatility. It is the sixth milk price scheme from the processor.
New entrants
A special allocation will apply to new entrants to dairying, who commenced milking after January 1 2020.
While the scheme is open to all milk suppliers and participation is voluntary, suppliers must have signed a milk supply agreement and must be certified in the Bord Bia Sustainability Dairy Assurance Scheme (SDAS) in order to meet eligibility requirements.
Aurivo general manager Stephen Blewitt said that Aurivo has over 1,000 suppliers, many of whom are faced with uncertainty over milk price volatility.
“This scheme helps them to surmount this challenge by guaranteeing a portion of their supply over the 12-month period, regardless of other external factors that may arise.
"We are confident that the base price of 32c/l [including VAT] for Republic of Ireland suppliers will lead to a strong uptake, as this is a relatively good return in the current market.
“We strongly encourage interested suppliers to submit their application before the closing date of Friday 24 January, in order to avail of this scheme,” he said.
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A new fixed milk price scheme is to be rolled out by Aurivo in the Republic of Ireland and covering milk supplies from 1 January 2020 to 31 December 2020.
Participating farmers will get a 30.36c/l, excluding VAT, base price for a maximum of 10% of their 2019 manufacturing monthly supply.
The scheme will guarantee a secure price on a fixed proportion of supply over a defined period, in order to help dairy farmers manage milk price volatility. It is the sixth milk price scheme from the processor.
New entrants
A special allocation will apply to new entrants to dairying, who commenced milking after January 1 2020.
While the scheme is open to all milk suppliers and participation is voluntary, suppliers must have signed a milk supply agreement and must be certified in the Bord Bia Sustainability Dairy Assurance Scheme (SDAS) in order to meet eligibility requirements.
Aurivo general manager Stephen Blewitt said that Aurivo has over 1,000 suppliers, many of whom are faced with uncertainty over milk price volatility.
“This scheme helps them to surmount this challenge by guaranteeing a portion of their supply over the 12-month period, regardless of other external factors that may arise.
"We are confident that the base price of 32c/l [including VAT] for Republic of Ireland suppliers will lead to a strong uptake, as this is a relatively good return in the current market.
“We strongly encourage interested suppliers to submit their application before the closing date of Friday 24 January, in order to avail of this scheme,” he said.
Read more
Where next in a new chapter for Aurivo?
Ornua PPI rises ahead of milk price meetings next week
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