Saputo suppliers got some Christmas cheer with the announcement of a small step-up in farm gate milk prices.
But they’ll have to wait until January before it hits the bank.
The company has advised its suppliers of a step-up in minimum milk price of 15¢ per kg of milk solids for the 2024-25 season.
The step-up increases the weighted average farm gate milk price to between $8.15/kg MS and $8.30/kg MS for exclusive supply in the southern milk regions.
This payment will be automatically applied to all qualifying milk supplied under an exclusive Saputo Dairy Australia milk supply agreement from July.
Payment will be made to suppliers with their December 2024 proceeds, during January 2025.
The milk prices quoted are a weighted average across Saputo’s supply base. Milk prices achieved at individual farm level will vary.
Shepparton News assistant editor and Country News journalist
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