MG forced to lift farmgate price to $5.20 | The Land

Murray Goulburn says it recognises in the current competitive environment it needs to "maintain milk supply and provide improved cash flow for suppliers".

 Murray Goulburn says it recognises in the current competitive environment it needs to “maintain milk supply and provide improved cash flow for suppliers”.

Murray Goulburn co-operative has bowed to intense market pressure from rival dairy companies and rushed to upgrade its farmgate milk price for southern suppliers, lifting its opening payment 50 cents a kilogram.

In a letter to shareholders the big co-op has advised its 2017-18 season opening price in to Victorian, southern NSW, South Australian and Tasmanian suppliers will now be 5.20/kg of milk solids 

http://www.theland.com.au/story/4747395/mg-forced-to-lift-farmgate-price-to-520/?cs=4938

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