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Tatura Milk price boost

Tatura Milk has announced a milk loyalty payment and price increase of 16¢/kg butterfat and 40¢/kg protein.

February 4, 2014 4:09am

Tatura Milk has announced a milk loyalty payment and price increase of 16¢/kg butterfat and 40¢/kg protein.

The price increase and loyalty payment will be applied to all premium and choice milk supplied by suppliers from July 2013 to January 2014 and milk yet to be provided for February 1 to June 30.

Tatura Milk chairman Barry Irvin said the price increase and loyalty payment was in addition to the price increase announced in December.

‘‘Ongoing stability in international dairy markets, a more favorable exchange rate and strong business performances have all contributed to this further improvement in milk price for the 2013-14 year,’’ Mr Irvin said.

‘‘In the TMI opening price announcements we included a price range for suppliers.’’

He said the 2013-14 season price range for TMI suppliers was $6.08 to $6.60/kg milk solids.

‘‘I would encourage you to have our milk supply staff prepare an updated income estimate for you to confirm your specific circumstances,’’ he said.

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