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Dale Farm is offering its suppliers an opportunity to sign up to a new three-year fixed milk price contract, starting on 1 January 2021.
The new scheme, which is the third fixed-price contract to be offered by the Northern Irish co-op, guarantees suppliers a base price of 26p/l from April to September, rising to a base of 29p/l from October to March.
The co-op’s 0.3p/l loyalty bonus and 2p/l winter bonus are included within the guaranteed price, although monthly adjustments will still be made based on butterfat, protein and cell count.
Farmers entering the contract must commit a minimum 10% of the milk supplied from October 2019 to September 2020, rising in 5% incremental steps to a maximum volume of 30%.
Earlier schemes
Dale Farm’s first fixed-price contract paid suppliers a base of 27p/l and expires on 31 December 2020. A second contract runs to the end of 2021 and pays suppliers a guaranteed base of 28p/l on a maximum 15% of annual supply.
SHARING OPTIONS: