Milk fore­cast scaled back

Townsville Bulletin - - NEWS -

AUS­TRALIA’S big­gest dairy pro­ces­sor, Mur­ray Goulburn, has cut its fore­cast milk in­take for the 2017- 18 fi­nan­cial year but says the re­duc­tion has not af­fected the price that the com­pany ex­pects to pay farm­ers for their milk.

“At this stage, Mur­ray Goulburn’s to­tal FY18 ( 2017- 18 full- year) milk in­take is ex­pected to be ap­prox­i­mately 2.3 bil­lion litres, prior to any sig­nif­i­cant up­side or downside from sea­sonal im­pact,” Mur­ray Goulburn said yes­ter­day.

In June, Mur­ray Goulburn said it ex­pected a milk in­take of about 2.5 bil­lion litres.

But it says far­m­gate milk price for the sea­son re­mains at $ 5.20 per kilo­gram of milk solids, and the price range for the whole year is still fore­cast to be be­tween $ 5.20 and $ 5.50.

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