Dairy co-operative Dale Farm has launched a new fixed-price contract option to its milk producers in Northern Ireland.

Due to commence on January 1, 2021, the voluntary three-year fixed-price contract will see farms which sign up supply an agreed amount of milk per month at a base price of 26p/L (April to September) and 29p/L (October to March).

This price is for base quality milk of 3.85% butterfat and 3.18% protein.

Stephen Cameron, group commercial director with Dale Farm, said: “We are pleased to offer this fixed milk price contract option to dairy farmers, giving them a choice on how to manage their business.

“A contract such as this can offer protection from volatile dairy markets, offering a guaranteed price for the next three years.

“Opting into the contract is, of course, a decision that all farmers must make based on their own circumstances.”

Applications for the contract must be returned to Dale Farm by 5:00pm on Friday, November 20, 2020.