Glanbia revises index-linked milk price scheme for added flexibility

FARMERS have responded positively to Glanbia’s decision to revise its index-linked milk price scheme to ensure greater flexibility in reacting to future input cost inflation.

The scheme offers suppliers a fixed price of 28c per litre (VAT exclusive) for a percentage of their milk from January 2011 to January 2014.

The scheme was widely welcomed when it was announced last December, with farmers noting that hedging on a fixed price would allow participants to plan ahead. The new flexibility measure has boosted that welcome further.