Dairy News

Fonterra lifts its price

By Geoff Adams

Fonterra Australia has increased its 2019/20 average milk price to $6.80/kg of milk solids and also increased its 2018/19 average price.
‘‘We are increasing our farm-gate milk price for the 2019/20 season by 20 cents per kg MS, which brings our average farm-gate milk price to $6.80/kg MS,’’ Fonterra Australia’s managing director René Dedoncker said.
‘‘You will have the option to take this step-up upfront rather than receiving it through the season.’’
The company is now in-line with rival company Saputo for the 2019/20 season.