March 10, 2021 1:39 pm
The new forward price scheme from Kerry Group has been lauded by the Irish Creamery Milk Suppliers’ Association (ICMSA).
Ger Quain, the association’s Dairy Committee chairperson, said the scheme is “extremely encouraging” and was a “vote of confidence” in dairy industry prospects through peak production and into quarter three (Q3).
The Kerry Agribusiness Forward Price Scheme 19 opened for online applications at 2:00pm yesterday (Tuesday, March 9) and will close at 2:00pm today.
Kerry confirmed the offer price as 34.8c/L (March to October 2021), including VAT, at 3.3% protein and 3.6% butterfat.
The maximum volume that can be applied for is 20% of a supplier’s annual contracted milk volume, suppliers have been told.
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