date:Jun 24, 2014
The increases will collectively see over $10 million in additional payments back to the farmgate compared to a year ago.
Lion will also remove tier 2 pricing from all new Lion contracts on offer to ensure farmers benefit from the increase in price on every litre they produce.
In Far North QLD, Lions weighted price will increase to 59.3cpl. This change, applicable to all DFMC farmers supplying milk for Lion in Far North QLD, equates to an increase of approximately five cents per litre on Lions