Dairy News

Saputo lifts milk price

By Dairy News

Saputo has announced farmgate milk price increases for its southern and New South Wales suppliers.

The step-up will take southern milk supply price for Saputo and Warrnambool Cheese and Butter suppliers to just over $6/kg.

This payment is retrospective and applies to all qualifying milk supplied by current WCB and SDA suppliers from 1 July 2018.

The company said the payment will be made with January 2019 proceeds during February 2019. This increase will take the average farmgate milk price for the 2018/19 season for suppliers in the Southern Milk Region to $6.05 per kilogram milk solids (up from $5.95 per kgms).

For suppliers in the New South Wales and Sydney regions the increase of 8c for butterfat and 12c for protein will lift the average price per litre from about 52c to 52.7c