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Fonterra Australia has increased its average farmgate milk price for the 2021/2022 season to $7.10 per kilogram of milk solids (kgMS).

Fonterra Co-operative Group Limited (the Co-op) has today announced that it will proceed with an ownership review of Fonterra Australia. The Co-op is considering the most appropriate ownership structure for Fonterra Australia, one option includes an IPO, with the intention that the Co-op retains a significant stake.

Fonterra Australia has increased its average farmgate milk price for the 2021/22 season by 10 cents/kgMS, comprising 8 cents per kg of butterfat and 11 cents per kg of protein.

Fonterra Australia has revised its weighted average farmgate milk price for the 2021/2022 season to $6.85 per kgMS.

New pricing structure giving farmers choice to farm the way they want.

Fonterra takes its dairying responsibilities seriously and we’re committed to ensuring that our suppliers manage the welfare of animals responsibly and meet their obligations as custodians of the environment on which they farm.

Fonterra Australia has today advised its suppliers that it is increasing its 2020/21 farmgate milk price by 13 cents, taking its average farmgate milk price to $6.53/kgMS. The payment will be backdated to 1 July 2020 and paid with March proceeds on 15 April 2021.

We’re pleased with the decision that Fonterra will retain the exclusive license for the Bega cheese brand for cheese and butter.

Fonterra Australia has today signed an agreement to purchase Dairy Country to help drive efficiencies in its leading Australian cheese business.