BURRA Foods have announced a second step up pushing the farmgate average price to $4.90 kilogram milk solids.Chief executive Grant Crothers today announced the 10 cent kg fat and 25 cent kg protein step up.
He said improved market conditions in the first six months of the financial year allowed the company to announce the second step up early.
"Our sales performance in the first six months has been very strong as the demand for high quality dairy ingredients continues to grow," he said.
"We continue to see strong trading results in our key markets of Japan and the Middle East, which combined contribute to more than 60 per cent of our export revenue."
The increase equates to 14c/kg of milk solids and lifts the weighted average available price to $4.90/kg milk solids.