Murray Goulburn has lifted its milk prices to about $6.66 kg milk solids.April 24, 2014 3:05am
Murray Goulburn Co-operative has announced a fifth step-up in the farmgate price for the 2013/14 season of $0.09 per kilogram butterfat and $0.19 per kilogram protein.
This step-up takes MG’s weighted average available price to $6.66 per kilogram milk solids.
MG has also revised upward the forecast for the full year from its current price of $6.66 up to $6.85 per kilogram milk solids.
Murray Goulburn said external factors including fluctuating international commodity prices and currency movements may result in a final price that is higher or lower than this forecast.
Murray Goulburn said this is the fifth step-up this financial year and will deliver an an extra $31 million to MG dairy farmers to support business cashflow.
UPDATE: The CFA has downgraded its advice message.
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