Fonterra Australia revises milk price to $6.95 per kgMS for 2021/22
Fonterra Australia has increased its average farmgate milk price for the 2021/22 season by 10 cents/kgMS, comprising 8 cents per kg of butterfat and 11 cents per kg of protein.
René Dedoncker, Managing Director Fonterra Australia, said: “The price rise to $6.95/kgMS takes us to the top end of the forecast range we provided when we opened on 10 May, and reflects our commitment to supporting our farmers and paying a competitive milk price.”