{"id":7871,"date":"2013-06-28T00:00:00","date_gmt":"2013-06-27T12:00:00","guid":{"rendered":"https:\/\/www.farmersweekly.co.nz\/mg-pushes-up-opening-milk-price\/"},"modified":"2013-06-28T00:00:00","modified_gmt":"2013-06-27T12:00:00","slug":"mg-pushes-up-opening-milk-price","status":"publish","type":"post","link":"https:\/\/www.farmersweekly.co.nz\/news\/mg-pushes-up-opening-milk-price\/","title":{"rendered":"MG pushes up opening milk price"},"content":{"rendered":"Reading Time: <\/span> < 1<\/span> minute<\/span><\/span>
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Murray Goulburn Co-operative Co. Limited (MG) today advised its dairyfarmer suppliers that it had lifted the previously announced opening base price by $0.13 per kilogram milk solids to an available weighted average of $5.73 per kilogram milk solids. This represents a 27% increase on the 2012\/13 opening price. <\/span><\/p>\n

Monthly opening prices have been increased by $0.09 per kilogram fat and $0.19 cents per kilogram protein from the co-operative\u2019s <\/span>initial opening circular on 5 <\/span>June 2013. <\/span><\/p>\n

MG Managing Director Gary Helou informed shareholders that the co-operative\u2019s <\/span>forecast end- <\/span>of-season milk price had increased to a range of $5.80 to $6.10 per kilogram milk solids. <\/span><\/p>\n

\u201cSince we completed our 2013\/14 budget in May and subsequently <\/span>announced opening prices in early June, we have seen further significant falls in the value and outlook for the Australian <\/span>dollar. As Australia\u2019s primary dairy exporter, this recent major shift in the currency has added favourably to MG\u2019s farmgate price outlook and allowed this increase in opening base price,\u201d Mr <\/span>Helou said. <\/span><\/p>\n

\u201cWe were very pleased to have led on opening milk prices in early June with record high prices <\/span>for fat and protein. This leadership provided much needed certainty for dairy farmers following a very tough 2012\/13. We were also pleased to provide a component of our pricing as cash up <\/span>front and many MG suppliers have already submitted their form to take up this option,\u201d Mr Helou <\/span>said. <\/span><\/p>\n

Mr Helou said that the offer to pay the special pre-paid step-up to existing and new suppliers in 2013\/14 remained open until 31 July 2013.\u00a0<\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"Australia’s largest dairy company, Murray Goulburn, has increased it opening milk price for the 2013\/14 season, less than one month after their initial announcement. \u00a0\n","protected":false},"author":33,"featured_media":7872,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_FSMCFIC_featured_image_caption":"","_FSMCFIC_featured_image_nocaption":"","_FSMCFIC_featured_image_hide":"","footnotes":""},"categories":[3],"tags":[],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t