Strong export demand continuesMarch 11, 2014 11:00am
A closing price of $7 this season would encourage dairy farmers to invest in their farms' growth, Fonterra Australia says.
Fonterra Australia has tipped its closing price range will average $6.80 to $7 kg/ milk solids and give farmers confidence to invest in farm growth.
This morning Fonterra announced a step-up of 16¢/kg of butterfat and 40¢/kg protein for the 2013/14 season for suppliers in Victoria and Tasmania.
This brings Fonterra Australia’s current, average farmgate price to $6.64 per kilogram of milk solids (kg/MS).
It was Fonterra’s third step-up this season and fifth overall, coming as global supply for dairy remains tight and strong demand continues from Fonterra Australia’s key importing countries and customers, especially in Asia.
“We have led our competitors on milk price this season and in delivering cash on farm when it counts,’’ Fonterra Australia managing director Judith Swales said.
“This announcement will hopefully give our farmer suppliers the confidence to invest on-farm for growth so they can capitalise on opportunities for next season.
‘‘It’s just another part of our commitment to making Fonterra Australia suppliers the most profitable dairy farmers in Australia, and we are always actively looking for more suppliers to join us.’’
Ms Swales said the company was working hard to give suppliers a line of sight on market factors that will affect global supply and demand next season.
When Cupid’s arrow strikes it can be unexpected.
The Yarrawonga Mulwala Cricket Club has hosted the first ever ACA Masters contest at the Stan Hargreaves Oval in Yarrawonga.
The regular annual tour of heritage-listed former Internment Tatura Camp One again this year attracted interest from Melbourne and Interstate visitors.
HE IS a physiotherapist by day and a thespian by night.
A GROUP of Rochester Secondary College students visited Bendigo last week to donate blood for the first time.
Bowls Club hosts 49th Victorian Country Masters Pairs
The Oriential Weatherloach has infested the Goulburn River.
The largest ever Strawberry Fields crowd turned out to enjoy the event on the Murray River at Tocumwal at the weekend.
AFTER the hottest October in Victoria since records began in the 1850s, it will come as little surprise that rainfall across the district was unusually low.
The rationing of infant milk formula on supermarket shelves reflects a higher demand for product rather than a shortage and Australian manufacturers have responded by ramping up production.
Mathoura car crash sparks grass fire.
Victoria’s strict dangerous dogs laws are considered a laughing stock by other countries, a canine behaviour expert says.
The News magazines are online - read high quality magazines in your time. Check in regularly for the latest editions.
Riverine Herald's well regarded locally produced magazines. They're now online, so you can read them whenever and wherever you like.
Search for published and unpublished photos from McPherson Media Group newspapers and magazines. All our photos are available to purchase.
Place an advertisement in any one of McPherson Media Group's local newspapers.