Aurivo has announced details of its new Fixed Milk Price Scheme, which is open to all its milk suppliers in the Republic of Ireland and Northern Ireland.
The scheme, which will run for 12 months, from October 1, 2019 through to September 30, 2020, guarantees a secure price on a fixed proportion of supply over a defined period, in order to help suppliers manage milk price volatility.
Suppliers in Northern Ireland are also invited to participate in the scheme, which would guarantee them 27p/L.
This is the fifth Fixed Milk Price Scheme for suppliers in the Republic of Ireland and the fourth scheme offered to suppliers in Northern Ireland, the Sligo-headquartered cooperative revealed.
A special allocation will apply to new entrants to dairying, who commenced milking after January 1, 2019.
Commenting on the announcement, Stephen Blewitt, general manager of Aurivo, said:
“Aurivo has over 1,000 suppliers, many of whom are faced with uncertainty over milk price volatility.
“This scheme helps them to surmount this challenge by guaranteeing a portion of their supply over the 12-month period, regardless of other external factors that may arise.
We are confident that the guaranteed 31.5c/L for Republic of Ireland suppliers and 27c/L for our Northern Ireland suppliers will lead to a strong uptake, as this is a relatively good return in the current market.
“We strongly encourage interested suppliers to submit their application before the closing date of Friday, October 4, in order to avail of this scheme.”
For those interested, more information, including the application form, is available on the Aurivo website.