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Fonterra Australia announces opening milk price for 2018/19 season and increases farmgate milk price for 2017/18 season

Fonterra Australia has today advised farmers its forecast closing farmgate milk price for the 2018/19 season is in the range of $5.50 to $6.20 per kilogram of milk solids (kgMS).

Fonterra Australia today announced that the Fixed Base Milk Price for the 2018/19 season will be $5.90 per kilogram of milk solids (kg/MS), following the conclusion of its annual tender process.

Fonterra Co-operative Group Limited (Fonterra) and The a2 Milk Company (a2MC) have today entered into a comprehensive strategic relationship that links Fonterra’s global milk pool and supply chain, manufacturing capability and in-market sales and distribution capacity with a2MC’s brand strength and capabilities.

Fonterra welcomes the ACCC’s interim report into the Australian dairy industry, and we look forward to providing feedback on this report.

Fonterra Australia is planning to grow its milk supply and processing capacity now that it has firmly established its place in the domestic market and as a global ingredients hub for Fonterra’s cheese, whey and nutritionals portfolio. 

Fonterra Australia increase farmgate milk price for the 2017/18 season.

Fonterra has welcomed the voluntary Dairy Industry Code of Practice for standard form contracts and is pleased to be one of the first companies to sign up to the new code.