LFP lifts milk price

LONGWARRY Food Park (LFP) has announced its first increase to the 2011/12 season’s milk price, which involves a further seven cents a kilogram for butterfat, and 17 cents a kilogram for protein.

The price increase is effective from the 1st November 2011 and will be paid retrospectively on Premium and Base Quality milk supplied from the 1st July to 31st

October 2011.

It will be paid with the Milk Payment due 15th December, 2011.

LFP said it will also provide your Second Step up for the season to be paid with the Milk Payment due March 15, 2012 (announced February 2012), and said it envisages this price increase will be similar to their most recent announcement.

“Any significant change in World Economic conditions may require a review,” the company said.

We believe this commitment adds more certainty in your Milk Price, to allow you to maximise the favourable seasonal conditions that exist throughout Gippsland.

Together with the next Quarterly Production Incentive payment due in the January 2012 Milk Payment, LFP said its aim is to remain competitive as well as supporting

your farming enterprise with Cashflow.

These price increases will apply to Farms that are supplying LFP at the time of payments, farms retired during current season will also benefit from the increases.

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