Fonterra lifts farmgate milk price

FONTERRA Australia has announced another stepup of its farmgate milk price.

The lift of 16 cents per kilogram of butterfat and and 40 cents per kilogram of protein brings the average price paid by the company to $6.64 per kilogram of milk solids for suppliers in Victoria and Tasmania.

Fonterra has also raised its full season forecast to the range of $6.80-$7.00 per kilogram of milk solids.

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