Articles | 03 Jun 2022
Milk supply agreement season has started!
As per the Australian Competition and Consumer Commission (ACCC) Dairy Code of Conduct, which came into effect in January 2020, buyers of raw milk are obligated to complete and make publicly available milk supply agreements (MSAs) by 2pm on 1 June.
The Milk Value Portal (MVP) – an initiative of the Australian Dairy Products Federation (ADPF) – was established to provide greater transparency and understanding on the value of raw milk across the eight dairy production regions in Australia and becomes particularly valuable in June.
Milk price data and MSAs for the 2022-23 season will be made available on the Milk Value Portal within 10 days of this month, offering four years’ worth of data (current and historical) on the farmgate milk prices being paid by dairy processors to farmers.
We spoke with Steve Spencer, Director of Freshagenda – specialist food industry analysts supporting the Milk Value Portal – who shared his insights on current market conditions, pressures driving strong demand for raw milk, and what we’re seeing with opening prices 2022-23 season:
These insights and more are available on the Milk Value Portal, with the next Quarterly Insights Report due in early July.
A new Podcast on the Milk Value Portal is also available, where Sheena Carter, NSW Department of Primary Industries (DPI) interviewed Janine Waller, Executive Director ADPF talking about the new seasons milk pricing and the benefits of the Milk Value Portal. Listen here.
To learn more or to register to receive updates from the Milk Value Portal, visit www.milkvalue.com.au.
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