09 Jun 2017

Strong Opening Price To Underpin Recovery

$5.45-$5.65 FY18 opening is our statement that we are here to build a strong supply chain. We haven't been left behind in FGMP before and it's not going to happen this year; we’ve been able to spend more time to ensure the range quoted covers 85% of our supply base.

It's a much needed recovery year for the majority of the industry and the 40 cent commitment bonus should provide a much needed cash injection. Important to note that fat:protein ratio has been changed to 1:2.2 reflecting the structural shift in the value of butterfat.