Fonterra raises milk solid buying price

Fonterra raises milk solid buying price

Milk supplier Fonterra has raised the price it pays for milk solids from Victorian and Australian farmers by 17 cents per kilogram.

The across-the-board increase will be backdated to July 1, and brings Fonterra’s average annual price to $4.06 per kilogram.

“This is our third step-up of the season and means Fonterra’s farmgate price is now 46 c/kg
higher than at the season opening in July,” Fonterra milk services manager Heather Stacy said.

“This increase will deliver an extra $20 million to our 1,300 suppliers and we hope will be a
welcome injection of cash for dairy farmers in what has been a difficult season.”

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Tags agriculturebusiness dealsFonterra

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