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 from $8.50kgMS. Fonterra adjusted its opening forecast to $8.80kgMS late last week claiming it had secured pricing for key contracts since announcing its opening price in early May. ADFC’s average opening price was lifted to $9.30kgMS and Lactalis raised its opening price range to $9.20kgMS and $9.30kgMS.