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Fonterra clears up milk price

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Fonterra has corrected reports from yesterday regarding a price rise of its popular Riverina Fresh milk.

Reports circulated around the dairy industry claiming that the dairy giant had raised the price of the popular milk by 40 percent.

“Reports today of a 40 percent increase in the wholesale price of Riverina Fresh milk are not correct,” a spokesman for Fonterra told the Weekly Times NowThe spokesperson explained that there will be a small price rise in the wholesale price, but nothing to the extent of a 40 percent hike.

"We have announced a price rise for our wholesale customer in the range of five percent and this will be effective from 1 August 2013.

“This is the first price increase for Riverina Fresh milk in over two years.”

Image: Flickr

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