Saputo suppliers got some Christmas cheer with the announcement of a small step-up in farm gate milk prices.
But they’ll have to wait until January before it hits the bank.
The company has advised its suppliers of a step-up in minimum milk price of 15¢ per kg of milk solids for the 2024-25 season.
The step-up increases the weighted average farm gate milk price to between $8.15/kg MS and $8.30/kg MS for exclusive supply in the southern milk regions.
Payment will be made to suppliers with their December 2024 proceeds, during January 2025.
The milk prices quoted are a weighted average across Saputo’s supply base. Milk prices achieved at individual farm level will vary.
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