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.
Shepparton police are looking for Vikramjit Singh, who escaped Dhurringile Prison last night.
Yarrawonga Football Netball Club senior footballer Jeremy O’Brien celebrated his 200th senior Ovens and Murray Football Netball League game against the Wodonga Bulldogs on Saturday.
Following a concerted effort by Merrigum Community Group to upgrade signage in the town, it was announced at last Monday’s community meeting that design of a new information sign, to be located near the bus shelter in Waverley Ave, has been completed.
Echuca Special Olympics basketball team won a gold and silver medal at the Winter State Games.
Rochester resident John Constable has received the latest vision scanner available, thanks to Rochester Lions.
100 days at Tongala Primary.
It's not everyday you get 'most sincere thanks' from the Queen - as a Seymour girl found out.
St Joseph's Jerilderie teacher Steve Jones has released an album with his band, Steve Jones and The Velvet Glove.
The district has shivered during the past couple of weeks with night temperatures falling below zero. For those prepared to brave the winter chill, Lake Eppalock offers stunning scenery and yellow wattle brightens district forests.
Black Dog ride participants meet up in Cobram before they burn rubber to beat the blues.
Deniliquin woman Georgia Henderson calls on Member for Farrer Sussan Ley to come out in support of same-sex marriage.
Wheat crops sown at the end of April to mid-May were two to three weeks early, increasing the risk of frost damage, the Finley Discussion Group’s meetings earlier this month heard.
John 'Jack' Roe remembered as a gentleman; battle-scared but a genuine, dignified man of integrity.
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.