Dairy farmers urge co-ops to hold current milk price to suppliers

Dairy farmers are urging the co-ops to hold their current milk price to suppliers, and not follow fluctuations in overseas markets.

IFA dairy chairman Sean O’Leary said that, while this week’s Fonterra auction result saw a 5.2% price reduction compared with the previous auction, Oz-based Abares is predicting strong dairy prices into 2014/15.

The Australian government’s agricultural research body has based its price predictions on robust demand throughout Asia, and China in particular, as urbanisation and the growth of westernised diets continue.