ANXIOUS dairy farmers will have to wait a few more weeks to hear if further price cuts are on the way.
Fonterra, Warrnambool Cheese and Butter Factory, Bega Cheese and Tatura Milk Industries are yet to announce if they will follow Murray Goulburn's lead and slash prices by 39 per cent from February.
Barry Irvin, chairman of Tatura Milk Industries and Bega Cheese, said the two entities would review and discuss any changes with farmers before a decision at the end of this month.
"We have to look at the impact of the significant downturn in pricing, as well as the impact of having a competitor in the market going forward with a lower price," he said.
"We will look at our first six months' management accounts and complete a forecast, once we have done that we will consider the options we may have to take and discuss it with farmers before a final decision."
Neil Kearney Warrnambool Cheese and Butter CEO and managing director said WCB was still reviewing prices with several meeting scheduled over the next few weeks, and that it plans to make an announcement to suppliers this month.
Murray Goulburn informed suppliers mid last month that the base price for milk they supplied from February would drop by an average 26 per cent.
Fonterra has already withdrawn its November step-up payment and is due to announce further cuts this month.
A Fonterra spokesperson said the company will review the February-to-June prices by the end of this week and suppliers should receive notification of their findings next week.
