WCB announces opening price

WARRNAMBOOL Cheese and Butter (WCB) has announced an opening price of $5.86 per kilogram milk solids for the upcoming financial year.

It is lower than Murray Goulburn’s opening price announced yesterday at $6 per kilogram of milk solids but WCB chief executive David Lord said it was equal to company’s highest-ever price.

The announcement is the first time WCB has declared an opening price since being taken over by Montreal-based corporation Saputo earlier this year.

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