Glanbia unveils voluntary fixed base manufacturing milk pricing scheme

GLANBIA Dairy Ingredients Ireland yesterday unveiled a voluntary fixed base manufacturing milk pricing scheme, offering members a fixed 28 cent per litre for the next three years.

The scheme will be available to up to 25% of Glanbia manufacturing milk suppliers from January 2011 for a three-year period, subject to set guidelines on milk quality. Farmers welcomed the pricing scheme, details of which have been sent to all Glanbia suppliers.

Both the IFA and the ICMSA welcomed the price security promised by the scheme. It will allow their farmers to “hedge” at least a proportion of their output, allowing them to plan ahead for the next three years.