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flag Dairy companies raise prices paid to farmers to secure milk supply amid predicted production decline.

flag 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. flag The price hikes reflect increased competition and demand for milk. flag However, dairy analysts predict a decline in national milk production, with a possible 2% reduction in the milk pool. flag Despite these forecasts, Bulla's and GVC's price increases aim to attract suppliers in key dairy regions.

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