Better milk price adds some relief
VICTORIAN dairy farmers have welcomed a revised opening milk price of $5.20 per kilogram of milk solids from Murray Goulburn.
Earlier this month, MG announced a conservative opening of $4.70/kgMS before raising it by 50 cents last week to better reflect the current market price.
“Murray Goulburn has made a sensible decision to step up their milk price after listening to its supplier base,” United Dairyfarmers of Victoria president Adam Jenkins said. “They’ve taken a positive step forward.” Mr Jenkins acknowledged the early price announcement as evidence MG and other processors had listened to the farming community and broader dairy industry.
“It’s good to see Murray Goulburn come out early with a revised price because it gives farmers time to plan their budgets for next year, when in the past these decisions would happen after the season has started,” he said.