"World prices move very, very quickly when supply and demand is relatively balanced."
 

ABS analysis and State Library of Vic records show deregulation and supermarket discounting have shattered a century of stable milk pricing.

Farmer Power president Chris Gleeson said the group would also call for a community boycott of $1-a-litre milk and wanted to run an advertising campaign countering the supermarkets’ price wars

While the extent of the transfer is not known, and is between several processors, many say it is the biggest in a decade and warn there is only limited capacity to move.

The code sets out clear guidelines regarding pricing structures, loyalty payments and dispute resolution and will cover most of the milk produced in Australia.

‘‘Fonterra wants to give the appearance that they are offering a more attractive price than any of the other processors at $5.70/kg MS, but it’s simply not true and Fonterra and BSC need to make that clear.

The Weekly Times asked some major southern processors about prices for the coming season. An interesting read!

The Gouldings are now calling on Fonterra to lose their ‘good news’ PR spin and be honest with their suppliers, especially concerning opening prices

New Zealand dairy group Fonterra will spend NZD$20 million ($14.2 million) in expanding its Te Rapa factory to meet growing demand for butter and cream cheese in Asia.

Poor business acumen and extreme mismanagement by the board was behind Murray Goulburn’s decision, while Fonterra did the same thing in a year it went on to post an $800 million profit – making the demands for cash a bitter pill for producers to swallow.

AN ONLINE petition calling for Fonterra to pay back their suppliers has attracted more than 19,500 signatures in a couple of weeks.

Fonterra, the world’s largest dairy exporter, posted revenue of $13.9bn (€8.75bn) for the first nine months of 2016/17, which is up by 8% on the same period last year.

“Picture a situation like what Fonterra did to us in a different work environment. It would be illegal to take money back from someone after they have already been paid for supplying goods,” Mr Jones said.