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