The Milk Exchange’s next trading event on 21 April will enable milk suppliers to sell new season milk, giving suppliers the opportunity to set a reserve price for their milk and designating a validity period for the offer. Milk Exchange general manager commercial development Richard Lange said the event would provide suppliers greater choice and control over milk contracts for the next season. Lange expects major milk buyers to participate on the milk exchange, giving them opportunity to lock away some critical volume early and avoid some of the mad scramble for milk that occurs in June each year.   

The Milk Exchange has commitments for a milk pool of more than 100m litres of new season milk throughout Victoria, SA, NSW and Queensland.