Murray Goulburn announces 2017 farmgate milk price, sees only 'modest' recovery

Tue, 28 Jun 2016

By Tina Morrison June 28 (BusinessDesk) - Murray Goulburn Cooperative, Australia's dominant milk processor, announced its forecast farmgate milk price for the coming year, saying it expects only a modest recovery in prices in the second half of the year. The company forecast a farmgate milk price of A$4.80 per kilogram of milk solids for the season ending June 30, 2017, compared with an expected payment of between A$4.75 to A$5.00 in the current year. It announced a 2017 net opening farmgate milk price of A$4.31/kgMS after repayment of a...

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