The price rise was14 c/kg fat and 35 c/kg protein.

The Gippsland-based company with 75 suppliers said that while there remained a significant amount of volatility remains in the market place Burra Foods would monitor events closely and act accordingly during the course of the season.

Chief Executive Officer Grant Crothers said Burra Food aimed to pay higher farm gate returns for its suppliers than other major processors in the region.

“Burra Foods is continuing to achieve a premium farm gate price for our suppliers through the implementation of a sound and stable business model that has been proven over many years.”