Co-operative Group Limited today reduced its forecast Farmgate Milk Price for
the 2017/18 season from $6.75 to $6.40 per kgMS and updated the market on its financial
results for the first three months of the 2018 financial year.
Fonterra Australia has today advised its farmers of an increase of 20 cents per kilogram of milk solids (kgMS) to its farmgate milk price for the 2017/18 season, bringing its average farmgate milk price to $5.50kgMS. The increase will apply from 1 July 2017 and will be paid on 15 August 2017.
Fonterra Australia has today advised suppliers an opening price of $5.30 per kilogram of milk solids (kgMS) for season 2017/18, and upgraded its forecast closing range by 10 cents/kgMS to $5.40 to $5.80kgMS.
Our overall goal is to have great, long-lasting relationships with all suppliers based on two-way communication and trust. We aim for more efficient processing, faster cash flows, and a better working relationship for everyone.