Could it be a sign of better things to come here in Australia?
This week, New Zealand dairy company Tatua closed the kiwi dairy season paying $7.40 per kilo milk solids.
A currency conversion show that’s about $A6.50 per kilo milk solids.
To put that into context, Australia’s largest dairy company Murray Goulburn is forecasting an end of season milk price of $6 per kilo milk solids.
Tatua, which celebrates it’s 100th birthday next year, says it’s retaining $1.17 per kilo milk solids to ‘grow the business’.
One of the company’s 100 suppliers, David Fish, says it’s a great return for farmers.
Source: ABC