Glanbia to top up fixed-price milk contracts

Prices paid depend on when the contract was taken out

Glanbia Ireland first launched its fixed-price contracts more than a decade ago.

Glanbia Ireland has become one of the first major dairy processors to launch a top-up scheme for farmers tied into fixed-price contracts.

Farmers were encouraged to lock in a portion of their milk supply to hedge against market volatility and support financial agreements with lenders, however, with input costs continuing to surge lobby bodies warn farmers are being squeezed in the middle.