Australian milk prices push higher

Australian milk prices push higher

Prices are being pushed to record highs by processors trying to secure supply for next season. Bega is the latest processor to hike prices. In a letter to suppliers, Bega confirmed a forecast price of $9.10kgMS, up from $8.80kgMS. Bega suppliers in Northern Victoria...
Australian milk prices push higher

Processors adjust farmgate prices

Following the flurry of price announcements in the lead up to 1 June, processors continue to adjust their 2022/23 farmgate price offers. Bulla lifted its opening forecast price range to $9.30kgMS to $9.50kgMS, while Saputo raised its opening price to $8.80kgMS, up...
Australian milk prices push higher

Rabobank warns of price dip

Rabobank expects global dairy commodity prices to fall later this year despite higher farmgate milk prices across the globe failing to deliver more milk. Inflationary pressure and weather setbacks hinder dairy farm output, meaning for the first time for a decade milk...
Australian milk prices push higher

Milk hunting season is here!

The annual flurry of 2022-23 opening milk price announcements is underway and will peak today before 2pm upon the regulated deadline for disclosure of their code-compliant milk supply agreements (MSAs) under the Dairy Code of Conduct. Given the intense competition for...
Australian milk prices push higher

Lactalis announce opening price

Lactalis announced an opening price in the range of $8.65kgMS – $8.80kgMS for 2022/23 with the range reflecting geographical and seasonal variation. Suppliers in Northern Victoria will receive $8.80kgMS, while suppliers in Western Victoria and Gippsland will get...
Australian milk prices push higher

Norco lifts milk price

Norco Cooperative is lifting its May and June milk price, adding 5c/l as a Coop Premium to suppliers, taking the average milk price to 84c/l. Norco chief executive Michael Hampson said it had been a difficult time for suppliers who have repair costs in the tens of...