23 Nov 2017

2nd Step-Up Announcement FY18

Burra Foods are very pleased to announce a further step up in milk price for the 2017-18 season of 6.5 cents per kilogram of Fat and 14.3 cents per kilogram of Protein (equivalent to $0.10/kg milk solids).

This price increase will take effect from the 1st of January 2018 and will apply retrospectively to all milk supplied from 1 July 2017 to 31 December 2017. This retrospective payment will be paid with December 2017 milk proceeds on the 15th of January 2018.

Our product mix options along with steady demand allow us to take advantage of a weakening in currency and pass on further improvement in cash flows to our Milk Supply Partners.

Thanks again for your ongoing support and I look forward to continuing to strengthen and build our partnerships.

I would also like to take this opportunity to wish you all a very safe and happy Christmas and a prosperous New Year.

Kind Regards,

 

Grant Crothers

Chief Executive Officer