Milk price

Update. Fonterra Australia has increased its farmgate milk price to $5.62 per kilogram of milk solids for the 2017-18 financial year.

The previously announced additional payment of 40 cents per kilogram of milk solids will bring the average payment to $6.02 per kilogram of milk solids.

The increase will apply from July of this year and was due to be paid on Friday December 15.

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