Not exact matches
The increasing popularity of high - priced yoghurt in China has become a saviour for the country's biggest dairies, with revenues of the fermented dairy product
set to overtake
milk sales for the first time.
Where farm gate prices traditionally are
set conservatively low, and rise as the season progresses with step ups paid to farmers as the budget is refined based on actual
sales, dairy farmers that supply these companies are now facing the prospect of retrospectively paying back 10 months of «overpaid»
milk.
The
sale of Bega's holding in WCB to Saputo, announced on Thursday, looks
set to seal the
milk processor's fate.
They are the group where the farm gate price is pretty much
set by the export parity price, which applies mainly to the farmers in southern Australia and particularly in Victoria, and the farmers who are in areas that are not so involved in the export market, so their marginal
sales of
milk are much more closely aligned with supplying fresh
milk to the local markets.