Australians are being warned of another price hike, with the cost of milk set to go up.
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The CEO of Bega has urged consumers to stick with the branded dairy products over private label products to help the dairy industry.

Sunshine Coast dairy farmer Matt Trace, is also the President of eastAUSmilk, an advocacy lobbying group that represents dairy farmers in QLD and NSW.

He says there’s a “good reason” for the price hike.

“People mightn’t want to hear it, but there’s been a lot of on farm inflation as well with the conflict going on overseas in the Ukraine, and it’s increased grain prices and fertiliser prices and these increases at the retail level are really just passing that on so that farmers can keep their heads above water.”

China’s dairy imports have slowed amid rolling Covid lockdowns and a weakening economy that has many analysts slashing their 2022 and 2023 economic growth estimates for the country.

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