Kyabram-based Australian Consolidated Milk has guaranteed conventional milk suppliers an average of $7/kg of milk solids for the 2019/20 season.
For nine months of the year, ACM suppliers will receive $7.20/kgMS, while in spring $6.60/kgMS will be paid.
"On February 18, ACM announced a Guaranteed Price Minimum of $6.50 and since then the dairy market has improved and the Australian dollar has weakened," ACM managing director Michael Auld said.
"The purpose of the Guaranteed Price Minimum was to assist with your planning and decision making for the coming season."
Organic milk suppliers will be paid an opening price of $9/kgMS
See more in Country News next week.