MyFarm
Posted Wednesday 29 June 2022

29 June 2022

FY23 Opening Farmgate Milk Price Increase

Burra Foods is pleased to confirm an increase in Opening Farmgate Milk Price for FY23 to $9.10 – $9.50/kg milk solids for the period July 1, 2022 – June 30, 2023.

“The competition for farmgate milk supply continues to accelerate as we approach 30th June. It is definitely a sellers’ market and we have been monitoring announcements on a daily basis,” said Burra Foods chief executive Stewart Carson.

“Milk Supply Partnerships are the foundation of our business, and we need to maintain a competitive price – hence today’s announcement.

“As per normal, we will continue to report our milk price range rather than a headline price because over 90% of our Milk Supply Partners will receive an income estimate within this range.”