Aurivo has launched a new fixed milk price scheme which is open to all its milk suppliers in the Republic of Ireland and Northern Ireland.

The scheme runs from 1 October 2019 to 30 September 2020 and guarantees a set price on a fixed proportion of supply over a defined period.

Participating suppliers in the Republic of Ireland will be guaranteed 29.9c/l, excluding VAT at 3.3% protein and 3.6% fat, for a maximum of 10% of their 2018 manufacturing monthly supply.

Suppliers in Northern Ireland are also invited to participate in the scheme, which would guarantee them 27p/l. Aurivo suppliers must submit their application before the closing date of Friday 4 October in order to avail of this scheme.

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Aurivo’s fixed price matches prices by some of the other big players that have already announced similar programmes. Glanbia, Kerry and Dairygold all have fixed milk price schemes up and running.

Glanbia’s scheme will run from February 2019 to January 2021, for a base price of 29.9c/l ex VAT.

The Kerry scheme runs from May 2019 to October for 29 c/l ex VAT for a maximum of 20% of annual supply.

Dairygold’s scheme runs from 1 March 2019 to 30 November 2021, for 5 or 10% of annual supply at a base price of 29.9c/l ex VAT.

All price quoted above are ex VAT and at base prices, so if milk solids supplied are above 3.3% protein and 3.6% fat the price to the farmer will be better. Nationally, average solids are closer to 3.5% protein and 4.1% fat, but this varies from year to year.

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