The Group’s Purchase and Sales Contract of Raw Milk with Mengniu...

The Group’s Purchase and Sales Contract of Raw Milk with Mengniu Dairy (Shangzhi) Co., Ltd.
(Mengniu Shangzhi) expired on 21 February 2016. The Group entered into a new milk sale contract
with Mengniu Shangzhi on 22 February 2016 on the same material terms as the previous contract.
The materials terms of the new contract include a milk purchase price of RMB 3.45 per kilogram and a
stipulation that the minimum quality of raw milk provided by the Group must have a fat content of
3.1%, a protein content of 2.95% and a SPC of no greater than 0.5 million CFU per mL. The Group's
new Purchase and Sales Contract of Raw Milk with Mengniu Shangzhi has a term of 2 years and
expires on 21 February 2018.


RMB 3.45 = approx 70 cents AUD.


Does anybody know the farm gate price per kg in Australia?