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Murray Goulburn raises milk price as dairy market improves

  • November 25, 2009
  • Isobel Drake

Australia’s largest exporter of dairy products, Murray Goulburn, has announced the third pay hike for farmers this season - the first Australian processor to make such a move on the back of significant improvement in export markets.
“The improvement in the export market has been quite strong,” outgoing Chairman Ian MacAuley told the ABC. “Milk supply needs a little bit of a boost, and also, if you remember last year, there was a major drop in price, and people’s calving patterns that favoured the autumn suffered severely.”

“So it reflects all three of those situations.”

The company told suppliers that there had been a firming of prices of major dairy products such as milk powders, cheese and butter, while domestic sales of their Devondale brand had been “strong”.

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