Bega first Aussie dairy producer to downgrade new season milk price forecast

Tue, 21 Jun 2016

By Fiona Rotherham June 21 (BusinessDesk) - Australian-listed dairy company Bega Cheese has released an opening farmgate milk price for the 2016/2017 season of A$5 per kilogram of milk solids, claiming analysts are not expecting an improvement in dairy commodity returns until the first half of next year. Fonterra Cooperative Group and Australia’s biggest dairy processor Murray Goulburn are yet to announce their opening forecast for the new season in Australia though last month Fonterra set an early price of $4.25 for New Zealand suppliers...

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