#stayhome Maintain the distance, wash your hands, and follow instructions from the health authorities.
RSS   Newsletter   Contact   Advertise with us

Fonterra Australia cuts farmgate milk prices again

Share on Twitter Share on LinkedIn
Staff writer ▼ | July 4, 2016
The latest price cut from a major dairy producer could force some Australian farmers out of the industry as they struggle to break even.
Fonterra Australia
Farmers in problems   Fonterra will offer $4.75 per kilogram of milk
Fonterra Australia has joined Murray Goulburn and Bega Cheese in lowering their farmgate milk prices for the 2016/17 financial year, continuing the trend of recent months.

Producers have been cutting prices offered to farmers amid a global oversupply and low prices for dairy commodities.

Fonterra will offer an opening farmgate milk price of $4.75 per kilogram of milk solids for the 2016/17 season, and expects that to rise to $5.00 later in the year.

The company was paying $5.60 per kilogram before it made a cut in May to $5.00 for the remainder of the 2015/16 financial year.