Applications for round two of the Kerry Agribusiness Forward Milk Price Scheme (known as scheme two) will open for Kerry Agribusiness milk suppliers online next Tuesday 14 August at 2pm.

Over 600 farmers opted in to the first round of the scheme in June.

The second round of the scheme will close at 2pm on Wednesday 15 August. The scheme two indicative price is between 29.98c/l and 30.92c/l (September to October 2018 and March to October 2019) at 3.30% protein and 3.60% butterfat excluding VAT.

Bonuses

The forward price on offer will be confirmed on Tuesday 14 August and it will be inclusive of all bonuses payable during the scheme period to suppliers for milk supplied outside the scheme, ie SDAS and SCC bonus.

The price will be subject to deduction of penalties in accordance with the prevailing Milk Grading Scheme.

Milk suppliers will have less than 24 hours to log on to the Kerry Agribusiness online services and apply for the volume of milk (a minimum of 1% or a maximum of 20%* of annual contracted milk volume) they wish to commit to the forward price scheme.

To avail of the forward price scheme, milk suppliers must be registered for Kerry Agribusiness online services.

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