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.
Mooroopna Anglican Church is hosting a Christmas dessert night to raise funds for the Samaritan's Purse-run Operation Christmas Child.
The talent was truly amazing at this year’s Mulwala Water Ski Club’s Got Talent competition.
A Trevaskis Dve resident had a close call on Wednesday when a pot left on the stove caught fire, sending smoke billowing through the house.
Bendigo trainer Debbie Wills was elated on Monday when she scored her maiden career win at Echuca with seven-year-old gelding Favela Star.
Campaspe Shire rural access officer Andrew Thomson was in Rochester for last week’s pop-up session so residents could air their concerns.
If you thought it was cold yesterday morning, you weren’t wrong!
The award's name might be tongue in cheek, but it was well earned for the Mechanics Institute.
Despite being scheduled to play at home this Saturday, Finley footballers and netballers will instead make the trip to Blighty.
An area along O’Keefe Rail Trail will be transformed on National Tree Day on Sunday
Cobram Barooga golf side wins a record four consecutive division one titles in a thrilling playoff.
A 15-goal win to CWS was one of the highlights of Deniliquin Netball Association's return round on Saturday.
Tackling salinity in the Goulburn-Broken basin was a key element of a presentation made to an international forum in the United States last month.
Whistling kites rescued from Winton Wetlands are being rasied alongside joeys, wombats and possums at the North East Wildlife Rescue Centre in Benalla
Discover unbelievable local deals from local businesses every week in the Goulburn and Murray Valley area with Leapon.com.au!
Search properties for sale or rent across North Central Victoria and Southern NSW. Visit your local website for local homes....
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.