MURRAY Goulburn yesterday announced its third milk price increase of the season.
The co-operative boosted its farmgate price by 18 cents per kilogram butterfat and 38 cents per kilogram protein, taking the weighted average available price to $6.25 per kilogram milk solids.
The company also increased its end-of-season forecast to a range of $6.30 to $6.50 per kilogram milk solids.
Murray Goulburn managing director Gary Helou said strong global demand for dairy foods has resulted in prices for key dairy ingredients remaining at near-record levels for an unprecedented period.
“Other dairy foods such as cheese and butter have also strengthened throughout the year,” Mr Helou said.