DAIRY processor Murray Goulburn has revealed an opening price of $6 per kilogram of milk solids, a seven per cent increase on this time last year.
The forecast end-of-season milk price for the 2014-15 financial year is a range of $6.15 to $6.30 per kilogram milk solids.
The figure amounts to approximately 47 cents per litre for MG suppliers.
MG managing director Gary Helou said the forecast is subject to external factors such as international dairy market prices and currency movements.
"We have driven efficiencies in our supply chain and created more innovative dairy foods in domestic and international markets," he said.
"In additon we have built two state-of-the-art daily pasteurised liquid milk plants in Melbourne and Sydney which commence supplying consumers from July this year.
"We have also grown our milk supply during 2013/14 from both our existing supply base and new members and we expect to finish the year up approximately 8 percent on 2012/13 milk volumes."