Milk processor Murray Goulburn has lifted its opening farmgate milk price for the coming milk season to $5.20 kilogram of milk solids (kgms).
Its initial offering of $4.70 kgms was beaten by every other milk processor in south-eastern Australia.
The $5.20 offering includes its ‘reward program’, payments Murray Goulburn is offering suppliers who’ve never left the cooperative or new suppliers.
Murray Goulburn made that announcement on June 6, much earlier than it usually discloses its opening price.
The processor refused an interview with the ABC, instead issuing a statement to media saying lifting the price was “intended to assist in maintaining competitiveness and support the supplier base”.