Saputo has become the latest dairy processor to announce a step up in 2021.
This follows Norco’s February 1 step up and Bega Cheese and Burra Food’s February 23 step ups.
On Friday, March 5 the Saputo Dairy Australia officially increased its minimum 2020/21 milk price by 7 centres per kilogram for butterfat and 14 centres per kilogram for protein.
The payment is retrospective and will be automatically applied to all qualifying milk supplied under the Saputo Diary Australia milk supply agreement.
The payment will be made to suppliers with their February 2021 proceeds this month.
This increase means the weighted average farmgate milk price for Saputo suppliers across Victoria and the Riverina has increased by 10 cents – from $6.40 to $6.50 per kilogram of milk solids.