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Saputo lifts milk price

By Geoff Adams

Saputo has announced a farmgate milk price increase for southern region farmers of 14 cents/kg butterfat and 28 cents/kg protein.
Saputo chief operating officer, Kai Bockmann said this increases the southern milk price to  $5.95/kg milk solids, an increase of about 20c/g.
Mr Bockman said the increase reflects the positive impact of a weaker Australian dollar, despite a decline across all dairy commodities in recent months.
He said it was not connected to recent developments in the dairy levy proposed by the Minister for Agriculture and Water Resources, although they
hoped the increased price will provide some assistance to those impacted by continued drought conditions and higher feed and water costs.