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Pay rise for dairy farmers as Fonterra announces $32m half-year Australian profit – ABC News

Dairy farmers supplying dairy company Fonterra in Australia receive a pay rise today, coinciding with the company’s announcement of its interim financial results….

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Dairy farmers supplying dairy company Fonterra in Australia have today received a pay rise, coinciding with the company’s announcement of its interim financial results.
Key points:

  • A key Australian dairy processor is going to increase the price it pays to Australian suppliers
  • Farmers will get an extra 13 cents per kilogram of milk solids
  • Fonterra says a sharp rise in commodity prices allowed the step-up

Suppliers will receive an extra 13 cents per kilogram of milk solids for the 2020/21 year, taking…

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