4 major dairy processors announce lower opening milk prices for the 2024-25 season due to export market price disparities and inflationary pressures.
Bega Group, Burra Foods, Saputo Dairy Australia, and Fonterra have announced lower opening milk prices for the 2024-25 season compared to last year. Bega's $7.90-$8.20 per kilogram of milk solids for southern suppliers represents a 11-15% decrease. This move follows similar announcements from other major processors, reflecting the challenges in the Australian dairy industry due to price disparities with key export markets such as New Zealand and inflationary pressures on energy, labor, chemicals, and freight.
June 03, 2024
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