Bulla Dairy Foods has announced an increase in its milk price for the 2024-25 season, with a step-up of $0.20 a kilogram of milk solids.
Bulla has told its farmers this price increase follows a review of business performance over the peak Christmas and summer trading periods.
“At our recent Christmas Farmer Forums, we shared that Bulla would review our position regarding milk price in February,” Bulla CEO Allan Hood said.
After this review “we are in a position to pass on an increase to our valued farmers,” he said.
“We acknowledge the challenges our farmers are currently operating under with rising costs, adverse weather and shifting market conditions.
“Supporting them with a competitive and sustainable farm gate milk price remains a top priority for Bulla, and we’ll continue to work closely with our farmers to build a strong and resilient future together.”
The updated milk price, which will be applied retrospectively from July 1, 2024, will be paid with the February milk payment in March 2025.
The new pricing will also apply to monthly milk payments from March 1, 2025 to June 30, 2025.
Bulla is one of Australia’s oldest and largest family-owned dairy companies, owned by the same three families since 1910.
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