Aurivo is the latest co-op to announce changes to its fixed milk price scheme.
ADVERTISEMENT
The board of Aurivo has announced increases to its fixed milk price schemes, in a similar move to that of Carbery, Lakeland and Arrabawn.
A 5c/l increase will be paid to farmers in fixed milk price scheme seven and those in fixed milk price scheme eight will receive a 3.5c/l boost.
Aurivo said that the decision was due to the unprecedented increase in farm input costs and the lower returns from farmers' fixed milk contracts compared to current market returns.
ADVERTISEMENT
The payment is set to be reviewed on an ongoing basis and any change to this support in a future month will be communicated by the co-op to the supplier.
Support
"As, contractually, Aurivo are tied to sell your product to our customers at the fixed price, this support is coming directly from co-op funds and we appreciate your continued support and trade with the wider co-op to make this support mechanism possible," it said to its suppliers in a statement.
It is estimated that Aurivo has 4% or 27.5 million litres of milk tied up in fixed milk price schemes.
Register for free to read this story and our free stories.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
The board of Aurivo has announced increases to its fixed milk price schemes, in a similar move to that of Carbery, Lakeland and Arrabawn.
A 5c/l increase will be paid to farmers in fixed milk price scheme seven and those in fixed milk price scheme eight will receive a 3.5c/l boost.
Aurivo said that the decision was due to the unprecedented increase in farm input costs and the lower returns from farmers' fixed milk contracts compared to current market returns.
The payment is set to be reviewed on an ongoing basis and any change to this support in a future month will be communicated by the co-op to the supplier.
Support
"As, contractually, Aurivo are tied to sell your product to our customers at the fixed price, this support is coming directly from co-op funds and we appreciate your continued support and trade with the wider co-op to make this support mechanism possible," it said to its suppliers in a statement.
It is estimated that Aurivo has 4% or 27.5 million litres of milk tied up in fixed milk price schemes.
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS