Australia

Fonterra's Fixed Base Milk Price is a risk management tool that lets farmers lock in a set price for up to 70% of the season’s milk before it starts. Pic: ©Getty Images/petej

Fonterra announces fixed base milk price for 2019/20

By Jim Cornall

Fonterra farmers in Australia participating in the company’s Fixed Base Milk Price will be paid a guaranteed price of A$6.80 (US$4.74) per kilogram of milk solids (kgMS) for a portion of their milk for the 2019/20 season.