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Prices now, please

GIPPSLAND dairy farmers have not yet been given an indication of opening price, despite one company from the west of the state releasing its price a fortnight ago.
Warrnambool Butter and Cheese announced an opening price of $4.80 per kilogram of milk solids much earlier than usual, an initiative welcomed by its suppliers.
Burra Foods CEO Grant Crothers said his company was aiming to release its opening milk price earlier than usual as well.
“We understand that supply partners would appreciate direction as soon as possible so they can plan their cash flow,” he said.
“Following on from the current year, we will continue to do our best to protect supply partners from the market volatility while recognising Burra Foods is not isolated from the impact of global commodity prices.
“What we can promise is that Burra Foods will continue to provide supply partners with frank market assessments so that they know where they stand and can plan as well as possible for the challenges that lie ahead.”
A Murray Goulburn spokesperson said the cooperative’s opening price would be released in line with its usual practice.
“We will make an announcement regarding the opening price for the 2016-17 season in the coming weeks, before the end of June,” she said.
Leongatha South MG supplier Gordon Vagg said he was hoping the season would start off around $5kg/MS, but that was not looking likely.
“It looks like it is going to be around $4.80kg/MS, which is a bit of a worry,” he said.
Mr Vagg is expecting the opening price to be released by next week.
Fonterra Australia is anticipating a low milk price for the upcoming season.
General manager Australian milk supply Matt Watt said Fonterra would make its opening price announcement in the next couple of weeks, in line with previous seasons.
“At the start of June we launched a new monthly bulletin for our farmers that aims to give our suppliers clear and relevant information about the global and domestic markets and how they influence the Australian milk price, to give them guidance when planning ahead,” he said.

• Leongatha South MG supplier Gordon Vagg.

• Leongatha South MG supplier Gordon Vagg.

Short URL: http://thestar.com.au/?p=18845

Posted by on Jun 21 2016. Filed under Rural News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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