Promising milk prices for dairy farmers

Monday wasn’t only World Milk Day — it was the day our dairy farmers would learn the prices processors will be paying this season.

In the first year of the Mandatory Dairy Code being in place, processors are required announce prices on the first of June.

Of the major processors —

Saputo has announced a weighted average opening price of $6.40 per kilogram of milk solids.

It’s been matched by Bega for its southern Victorian producers, those in the north will receive $6.55.

Fonterra will open the price of $6.06 cents — with an estimated closing price of $6.30 to $6.70.

To break down what it means for the industry, rural editor Eddie Summerfield spoke with Rabobank Senior Dairy Analyst Michael Harvey:

Listen to the full interview above or Subscribe to the National Rural News podcast: http://bit.ly/RuralNewsPodcast