Siobhan Talbot, Glanbia group managing director, at the Glanbia Co-Op special general meeting at Punchestown event centre in Co. Kildare. \ Dylan Vaughan.
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Phase 10 is a one-year fixed milk price scheme offering a milk price of 29.41c/l excluding VAT for the full year of 2018.
Glanbia has launched a fixed milk price scheme every year since 2011, which now accounts for 20% of its milk pool. Over 2,000 of GII suppliers (60%) are participating in at least one of the schemes.
Sean Molloy, director of strategy and supply development with GII, said that suppliers in the active schemes have on average 25% of their supply volumes in fixed-price arrangements (based on 2016 supply volumes).
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Phase 10 details
The scheme price of 29.41c/l excluding VAT (31c/l including VAT) is based on standard constituents of 3.6% butterfat and 3.3% protein. Actual constituents greater or less than standard constituents are paid for at the scheme price.
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Phase 10 is a one-year fixed milk price scheme offering a milk price of 29.41c/l excluding VAT for the full year of 2018.
Glanbia has launched a fixed milk price scheme every year since 2011, which now accounts for 20% of its milk pool. Over 2,000 of GII suppliers (60%) are participating in at least one of the schemes.
Sean Molloy, director of strategy and supply development with GII, said that suppliers in the active schemes have on average 25% of their supply volumes in fixed-price arrangements (based on 2016 supply volumes).
Phase 10 details
The scheme price of 29.41c/l excluding VAT (31c/l including VAT) is based on standard constituents of 3.6% butterfat and 3.3% protein. Actual constituents greater or less than standard constituents are paid for at the scheme price.
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