Saputo has announced an opening milk price of $6.40 per kgMS for the southern milking region.
Saputo has committed to to no price step-downs in any circumstances during the year.
«Determining the outlook for milk prices for the 2020/21 milk year has been particularly challenging,» a statement said.
«Heightened uncertainty and rapidly-changing conditions arising from COVID–19 will continue to impact world economies and the dairy market for the coming milk year.
«Despite this, SDA’s objectives remain the same. We are well placed, with our diverse product mix and markets, to adjust to evolving market conditions and continue maximising the value of every litre of milk.»