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Dairy companies raise prices paid to farmers to secure milk supply amid predicted production decline.
Dairy processors Bulla and Goulburn Valley Creamery have raised their farmgate milk prices, offering farmers higher payments to secure milk supply for the upcoming season.
The price hikes reflect increased competition and demand for milk.
However, dairy analysts predict a decline in national milk production, with a possible 2% reduction in the milk pool.
Despite these forecasts, Bulla's and GVC's price increases aim to attract suppliers in key dairy regions.
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Las compañías lácteas aumentan los precios pagados a los agricultores para asegurar el suministro de leche en medio de una disminución prevista de la producción.