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.
Coca-Cola Amatil has confirmed it will be pressing on with its $100 million redevelopment of SPC Ardmona.
Beautiful weather greeted Tungamah residents for the 18th running of the Tungamah Lions Ten Thousand on Sunday.
When Keith and Marion Grumley and their growing family moved to Tatura on January 18, 1968, little did they know that it would be the start of a long and lasting connection to the town.
A snake was spotted this afternoon.
Rochester Rotary Club has celebrated its 50th birthday in style.
Sorting future of Campaspe pools
A theatre production with a difference is coming to Seymour.
Local athletes will go head-to-head with some of the best competitors from around the world in swimming and athletics in December.
District residents and visitors will be able to enjoy some of the region’s most beautiful private gardens on Sunday.
The 116th annual Cobram Show went off with a bang at the weekend, drawing in crowds from far and wide for two days of fun.
Tomorrow is a Total Fire Ban day in Deniliquin, meaning no fires can be lit in the open and all fire permits are suspended.
Fifty new full-time jobs will be created at Tatura with a multimillion-dollar expansion of the abattoirs expected to be announced today.
Remembering Australian political giant Gough Whitlam who once called on Benalla police to stop then Treasurer Frank Crean on his journey up the Hume to phone the PM.
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