date:Jun 11, 2014
The primary program Fixed Base Milk Price (FBMP) will allow suppliers to lock in a set monthly price for up to 70 percent of their expected milk solids production for the season.
Fonterra Australia Managing Director Judith Swales said the programs would help give suppliers more certainty throughout the season and support their farm profitability.
We know that farmers face lots of volatility whether its a fluctuating milk price, unpredictable weather conditions, foreign exchange or varying co