Saputo Dairy Australia has announced its opening weighted average milk price of $8.90 to $9.05 per kilogram milk solids for exclusive supply in the 2023-24 season.
Milk prices for exclusive supply are available to suppliers in the Northern region, South-West Victoria and South Australia region, Gippsland region and Tasmania (including King Island).
SDA’s exclusive minimum milk price includes an additional $0.15 per kilogram milk solids ($0.10 per kg butterfat and $0.20 per kg protein) above the non-exclusive minimum milk price to be offered in each region.
Expanding on its existing Dairy Investment Rebate and Milk Cooling Rebate programs, this year SDA has introduced a new Growth Payment of $0.70 per kilogram milk solids on any net growth in a farm’s milk solids to encourage growth across its supplier base and the Australian dairy industry.
An extra flat payment option will also be introduced, which will appeal to a broad range of different farming profiles that prefer a flat payment structure.
“For the coming season, SDA has enhanced our milk price offer to meet the needs of more suppliers. We have invested in new payment options and incentives, including for farmers who want to invest in the growth and sustainability of their dairy business,” said Anthony Cook, Supplier Relations Director.
“As part of our ongoing commitment to the Australian dairy industry, we have expanded our tailored investment and finance support, payment options and continue our specialist services to further assist suppliers in meeting their short- and long-term business goals.
“We are also proud of our continued investment in industry initiatives, in our plants and in the communities where our people and our dairy farmers live and work.”
The milk prices SDA has quoted above are a weighted average across its supply base. Milk prices achieved at an individual farm level will vary based on specific milk supply circumstances. A schedule of monthly minimum milk prices can be found in SDA’s milk supply agreements.
-Saputo