Saputo and a range of smaller processors increased their farm gate milk offers during the week ending June 23.
Saputo Dairy Australia (SDA) has offered suppliers a revised opening weighted average milk price of $9.15 to $9.30/kg of milk solids for exclusive supply in the 2023-24 season.
This is an increase of 17¢/kg of butterfat and 34¢/kg of protein.
The revised milk price for exclusive supply is available to suppliers in the Northern Victoria region, South-West Victoria and South Australia region, Gippsland region and Tasmania (including King Island).
Bulla increased its farm gate opening price by $0.20/kg MS to a range of $9/kg to $9.80/kg.
Under the dairy code, processors must offer suppliers a milk supply agreement which is subject to a 14-day cooling off period.
Retrospective price step-downs are not allowed.
Minimum prices for the approaching season are expected to be in place by June 30.
