Murray Goulburn gives its milk producers the Christmas gift of higher income

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.

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