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.
Fonterra has also increased its average price for the 2018/19 season by 10 cents to $6.15/kg MS, which is also in line with Saputo.
Read more in next week's Country News