Key points:
- Woolworths has increased its homebrand milk price to $1.30 per litre for its 2-litre and 3-litre range
- It’s been more than two years since the major supermarkets have lifted the price of cheap milk
- Dairy Connect says the increase will flow through to farmers and hopes Coles and Aldi will follow
The supermarket giant has increased the price of its homebrand milk to $1.30 a litre with its 2-litre and 3-litre bottles now selling for $2.60 and $3.90 respectively, a 10 cents-a-litre increase, while one litre of milk will cost $1.35.
It’s the first increase by the retailer since July 2019 when it lifted its 2 litre to $2.39 and 3 litre to $3.59.
“We’ve seen farmgate milk prices increase significantly over the past two years and they’re forecast to continue rising in the season ahead,” a Woolworths spokesperson said.
“As a result of the farmgate price movements, we’ve been paying our suppliers more for milk in recent years, accepting millions of dollars in wholesale cost increases while maintaining the same retail price on our Woolworths brand milk.
