Australia’s largest dairy cooperative, Norco, claims to have provided record milk prices to its farmers for the financial year 2019/20 amid drought, fires and a global pandemic.
“There will be some farms that will be less of course and there will be some farms that receive much more, based on their component qualities of their milk, so on average it’s just over 70 cents a litre,” chief executive officer Michael Hampson said.
The price paid by a 100% farmer-owned company rated its suppliers among the highest paid in the country.
“In terms of the major processors, from our internal analysis we haven’t seen any other prices that have been higher. There might be some smaller processors that are,” Mr Hampson said.
“Certainly from where we sit … we think that we have an incredibly strong competitive milk price and provide really good value for farmers and their milk”
Norco produced 214 million litres of milk per year from 203 dairy farms in northern New South Wales and southern Queensland.
Suppliers received an average of 70 cents per litre for 2019–2020