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Fonterra announce milk price step-up

Fonterra Australia has increased its 2019/20 average milk price to $6.80/kg of milk solids and also increased its 2018/19 average price.

‘‘We are increasing our farm-gate milk price for the 2019/20 season by 20 cents per kg MS, which brings our average farm-gate milk price to $6.80/kg MS,’’ Fonterra Australia’s managing director René Dedoncker said.

‘‘You will have the option to take this step-up upfront rather than receiving it through the season.’’

The company is now in line with rival company Saputo for the 2019/20 season.

Fonterra has also increased its average price for the 2018/19 season by 10 cents to $6.15/kg MS, which is also in line with Saputo.


Source: Country News

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