The processor increased its opening price by 15c/kgMS, lifting the rang to $8.80kgMS—$9.60kgMS. The 15c/kgMS average increase includes 12c/kg of fat and 18c/kg of protein.

Reacting to the price hike in local news outlets, United Dairyfarmers of Victoria President Bernie Free said the increase indicates there is more money in the market.