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Burra Foods announces further milk price increases

Editorial
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Victorian based Burra Foods announced a second increase of 13c/kg of milk solids yesterday morning.

Favourable market conditions and stable international commodity prices are said to be the main drivers for the decision. Grant Crothers, chief executive of Burra Foods, said that suppliers had been informed of the second 8c/kg fat and 20c/kg protein step up, The Weekly Times Now reports.

"The increase of an additional 13c/kg of milk solids is the second price increase for this season and unpins Burra Foods' commitment to deliver above average industry returns for our farm milk supply partners," said Crothers.

The favourable market conditions have seen milk price increases at key dairy processors around the country. Dairy giant Fonterraannounced an increase of 16 cents per kilogram of butterfat and 40 cents per kilogram of protein for the 2013/14 season for Victorian and Tasmanian suppliers.

Fonterra said that the company was able to commit to price increases due to favourable international dairy commodity prices, a stabilised lower Aussie dollar, and the achievement of strong forward sales at market highs.
Image: www.ninemsn.com.au

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