Major Drop in Consumer Moods

Major Drop in Consumer Moods

latest gauge of mood among Australians took a massive dive as a result of rising rates and ongoing war in the Middle East, which is raising fuel prices. The Westpac-Melbourne Institute consumer index plunged to 80.1 points in April, down from 91.6 points in March,...
Lactalis Adds Support Payment

Lactalis Adds Support Payment

Lactalis is paying suppliers an extra 5c/l from 1 May to help with higher fuel and fertiliser costs. On a per kilo milksolids basis, Lactalis suppliers will receive an extra 64c/kgMS, taking the weighted average milk price to $9.69kgMS, up from $9.05kgMS. The payment...
A2 Settles Investor Class Action

A2 Settles Investor Class Action

The a2 Milk Company has agreed to pay $62m to settle a major shareholder class action. Investors who bought shares between August 2020 and May 2021 brought a class action lawsuit, claiming the dairy processor failed to properly disclose problems in its key China...
Major Drop in Consumer Moods

Farmers Want Higher Retail Milk Price

Dairy farmers are urging major Australian retailers to lift retail milk prices as producers battle increasing fuel and fertiliser costs. Dairy lobby group eastAUSmilk wants retail prices to go up by 30c per litre of milk for private label, which would allow for a...
Australian February Milk Rises

Australian February Milk Rises

  National milk output lifted 0.6% YOY in February, taking season-to-date output 1.0% behind the year-ago comparative.       Across the states, output was mixed. Victorian milk production declined 0.1% YOY for the month, with season-to-date output –1.7% behind...
BoM : Warm Winter With Less Rain

BoM : Warm Winter With Less Rain

The Bureau of Meteorology (BoM) expects April to June rainfall to be below average across the southern two-thirds of Australia, according to its latest long-range forecast. Days are likely to be warmer than average with an increased chance of unusually higher...