Burra steps up for 2020-21 season, provides opening figure for 2021-22 season
Burra Foods is stepping up its farmgate milk price — and has also revealed its 2021-22 opening rate.
Burra Foods is the latest to reveal its opening price for the coming financial year — as well as stepping up as the current season approaches the finish line.
Management at the milk processor today confirmed a 10-cent step up, boosting its pricing range from $6.20-$6.60 a kilogram of milk solids to $6.30-$6.70 a kilogram of milk solids.
In a letter to suppliers, Burra Foods chief executive Stewart Carson also confirmed an
opening price range of $6.40 –$6.80 per kg milk solids for the 2021-22 season.
It follows on from moves by both Bulla and Fonterra to outline 2021-22 financial year prices. On Monday, Fonterra an average weighted figure of $6.55 per kg milk solids and an estimated closing price range of $6.55 to $6.95 per kg milk solids.
All processors have to declare their base starting figures by 2pm on June 1 as part of the mandatory dairy code of conduct.
“Strong demand and our ability to respond to customer needs has allowed Burra to take advantage of historically high market prices and pass this through to our milk supply partners,” Mr Carson said.
“China and many South East Asian countries continue to seek high quality dairy products and Burra is well positioned to supply them.”
Mr Carson said Burra were fortunate to have its manufacturing base in Gippsland, one of the most stable milk producing regions in Australia.
“Our customer focus continues to be partnering for long-term mutual benefit and the reliability of supply from Gippsland is very important to achieve this,” he said.
“We expect demand to remain strong well into the FY22 season, giving us confidence in our opening milk price range and will continue to review milk price throughout the season.”
MORE
TRADE IN OLD APPROACH FOR NEW DAIRY FUTURE
Decades in dairy for Curdievale Renyard family
Simone and Nick Renyard have long been ambassadors for dairy. But what makes their southwest Victorian farm tick?
Calls for region-specific farmgate step-up
Eleven weeks into the season, dairy processors haven’t budged on farmgate prices. So how is it impacting drought-hit farmers?