Murray Goulburn raises milk price as dairy market improves

Posted by Isobel Drake on 25th November 2009

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”.