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Fonterra delivers milk step-up

Fonterra Australia has announced a step-up of 8 cents per kg of butterfat and 20 cents per kg of protein for the 2013/14 season for suppliers in Victoria and Tasmania, bringing its current, average farmgate price to $6.80 per kilogram of milk solids (kg/MS).

May 20, 2014 3:00pm

Fonterra Australia has announced a step-up of 8 cents per kg of butterfat and 20 cents per kg of protein for the 2013/14 season for suppliers in Victoria and Tasmania, bringing its current, average farmgate price to $6.80 per kilogram of milk solids (kg/MS).

The step up is Fonterra Australia’s sixth step up for the current season and brings the companys current, average farmgate milk price into the lower end of its forecast, average closing price range for the 2013/14 season of $6.80-$7.00 kg/MS.

Judith Swales, Managing Director, Fonterra Australia, said the step up continues the company’s price leadership for the season.

‘‘We are pleased to deliver these market returns back to our suppliers as soon as they are realised through our global and domestic sales.’’

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