Thursday, April 25, 2024

Fonterra picks up rival’s suppliers

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Victoria’s dairy industry has been hit by an unprecedented movement of milk as farmers chase higher milk prices with rival companies.
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Australia’s largest milk processor, Murray Goulburn, has lost 3.6% of its milk in the past three weeks.

About 130 million litres has left the co-operative – mostly from traditionally loyal family farms swapping to rival processors. Traditionally these types of farms do not move en masse.

Fonterra Australia, Warrnambool Cheese and Butter and Burra Foods have been the winners so far. WCB picked up a lot of supply before the end of last season with the other processors taking on milk from the start of this month.

www.weeklytimesnow.com.au

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