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Glanbia Ireland has launched a new two-year fixed milk price scheme (phase 13) offering a milk price of 29.88c/l excluding VAT.
The scheme will run from February 2019 to January 2021 inclusive.
Milk delivered above or below the standard constituents of 3.6% butterfat and 3.3% protein will be paid for on the basis of a 29.88c/l, excluding VAT, milk price.
Sean Molloy, head of agribusiness growth with Glanbia Ireland said: “Glanbia Ireland has a long track record of providing our milk suppliers with the option of taking a fixed milk price in order to protect their businesses from dairy market volatility.
“We are pleased to be in a position to offer our latest scheme, phase 13, offering a fixed price of [29.88c/l] over the next two years, particularly in the context of the uncertainty around Brexit,” he said.
January milk price
On Tuesday Glanbia announced it will pay its member milk suppliers 30.4c/l excluding VAT for January manufacturing milk supplies at 3.6% butterfat and 3.3% protein. This is unchanged from the December price.
It includes a 2c/l support payment to qualifying farmers, of which 1c/l comes from the co-op and 1c/l comes from Glanbia Ireland.
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