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Aurivo’s three-year fixed milk price scheme of 31.78c/l (excluding VAT at 3.3% protein and 3.6% fat) is the most competitive scheme on offer by any of the co-ops at present.
For Aurivo, the price is a significant improvement on its two previous schemes, which suppliers would not be winning with at the moment, given where market prices are now.
The Aurivo price is 3.3c/l ahead of the Lakeland summer price
The first Aurivo scheme was fixed at 26.7c/l, while the second scheme (December 2016) was fixed at 28.9c/l.
The only condition with the new Aurivo scheme is that you have to be SDAS-certified.
Compared with other recent fixed offerings, the Aurivo price is 2.4c/l ahead of the Glanbia offering which closed two weeks ago at 29.41c/l, and 1.9c/l ahead of the Grennan’s price, which was set 0.5c/l ahead of Glanbia.
Aurivo's strong scheme
The Aurivo scheme is a three-year play as opposed to a five-year fix for Glanbia and Grennan’s, and there is no tie to feed purchases or feed loyalty refunds with the new Aurivo scheme.
The Aurivo price is 3.3c/l ahead of the Lakeland summer price and 1.42c/l ahead of the co-op’s winter price.
Volumes applicable for the Aurivo scheme will be sent to suppliers in the next week (10% of monthly 2016 volumes supplied) and suppliers have until 22 November to get applications in.
Lakeland revealed details of its latest fixed milk price scheme.
It set two prices split between a summer and winter price. It is for a three-year period running from 1 January 2018 to 31 December 2020.
The price for the April to September period is set at 28.46c/l plus VAT and 30.36c/l plus VAT for the October to March period.
At the start of 2017, Dairygold, Glanbia and Arrabawn announced schemes between 28.5c/l and 29c/l (Table 1).
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