BFC shareholders/watchers,
ADFC increases farmgate prices to $9.90kg MS. BFC to follow?? Would add approx $7.5m to BFC costs but recovery would only be possible over say 6 months being balance of FY22/3.
Bye Bye positive EBITDA in FY 22/3.

Dairy is fluid.

Read this -

• Dairy

Australian Dairy Farmers Corporation steps up farmgate price

With record farmgate prices, it was thought a step up wouldn’thappen this spring. But with five days to go, one processor is moving.

AlexSinnott

@AlexSinnott1

less than 2 min read

November 25, 2022 - 12:16PM

The Weekly Times

1 comments

Australian Dairy Farmers Corporation have stepped up the pricepaid to its suppliers, one of the first processors to step up this season.

Whilelate spring was often a period of price movement from Australia’s big threeprocessors - Bega, Fonterra and Saputo - the 2022-23 financial year kicked offwith record prices paid at the farmgate.

As aresult, few had offered any change to pricing until today’s announcement byADFC management.

Backdatedto July 1, an average of $9.90 a kilogram of milk solids will be paid to ADFCsuppliers across the 2022-23 financial year.

Segmentedinto six-month payment periods, the price paid stands at $9.50 a kilogram ofmilk solids between July and December 2022, while $10.30 a kilogram of milksolids will be paid from January to June 2023.