Milk prices to be protected by agreed contracts in online service

DAIRY farmers will soon be able to protect their milk prices from market volatility by locking their sales into an online futures trading service.

The new dairy hedging service, Liffe’s Dairy Skim Milk Powder Futures facility, will operate as pre-agreed contracts, rather than depending on the price dictated by market fluctuation.

It will take a similar form to the contacts already available to feed wheat and milling wheat producers. The new dairy hedging service will be provided by in Ireland by Delta Index.