News

Hope for dairy turnaround

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June 30, 2017

As almost all major milk processors have announced their opening prices for the upcoming season, local dairy farmers are hopeful they will be able to recover from last year’s tough conditions.

Murray Goulburn, Australia’s biggest processor, announced earlier this week it would raise opening milk prices to $5.20 per kilo.

Blighty dairy farmer Malcolm Holm said the turnaround would provide farmers with more certainty about the upcoming season.

‘‘With the lift in prices, farmers will be able to start the recovery process from last year’s poor prices and poor conditions, especially in last spring,’’ he said.

‘‘It has the potential to be a great season, but people are a little nervous.

‘‘The milk prices are reasonably competitive, but they can fluctuate. Farmers will need to see more certainty.’’

For now, rain is what is needed for dairy producers.

‘‘10 to 20mm of rain would be comfortable,’’ Mr Holm said.

‘‘So far it’s been pretty dry, with no rain in June.

‘‘There is a reasonable volume of water in storage, so there will be some carryover from last season,’’ he said.

‘‘Hopefully with better prices, farmers will have a better ability to maximise on the seasonal conditions.’’

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