A2 Milk says lift in dairy prices may impact in FY2020

Tue, 02 Apr 2019

By Rebecca Howard April 3 (BusinessDesk) - A2 Milk Company said recent increases in dairy pricing will have an impact on gross margin percentages in the 2020 financial year but it doesn't anticipate any significant impact this year. Dairy product prices rose for the ninth straight time in the overnight Global Dairy Trade auction. The GDT price index added 0.8 percent from the previous auction two weeks ago and average prices are now up 28 percent since the auction on Nov 20. "We do not anticipate any significant impact to gross margi...

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