Just two days after announcing its minimum price, Fonterra Australia was forced to increase the weighted average opening from AU$6.06/kgMS to AU$6.40/kgMS.
Share on twitter
Share on facebook
Share on linkedin
Share on whatsapp
Share on email
Milking It

The move brings it into line with competitors Bega Cheese and Saputo Dairy Australia and is a new minimum rather than a step-up, locking in the price under the mandatory code.

Fonterra says it had kept in line with industry convention to open at a price lower than the full-year forecast, with the understanding that step-ups would be paid throughout the season where the market supports it.

But this wasn’t a step-up. Clearly the co-op’s suppliers expressed their unhappiness with the original opening price and Fonterra had to act fast.

The co-op is continuing to lose market share in the Australian raw milk market.

A former Fonterra consultant and a molecular biologist have teamed up to create lab-grown milk proteins without the need for a cow.

You may be interested in

Deja una respuesta

Tu dirección de correo electrónico no será publicada. Los campos obligatorios están marcados con *

To comment or reply you must 

or

Related
notes

Cerrar
*
*
Cerrar
Registre una cuenta
Detalhes Da Conta
*
*
*
*
*
Fuerza de contraseña

SUBSCRIBE TO OUR NEWSLETTER