Fonterra shaves 50c off forecast milk price
Fonterra has dropped its forecast milk price mid-point by 50c as a surge in global milk production is putting downward pressure on commodity prices.
Fonterra's Western Star butter has been judged Australia’s champion butter for the seventh time.
Western Star Original Salted Butter took the crown at the Dairy Australia Grand Dairy Awards 2019 in judging that includes a blind tasting to assess texture, smell and appearance.
Now Australia’s most awarded butter, it was described by judges as “fresh and sweet with just the right salt balance” and “perfect for cooking or simply spread on fresh bread”.
Western Star Butter is Australia’s no1 selling butter brand; nearly two packs are sold every second and it’s retail value is A$205 million a year.
Fonterra’s Cobden site in Victoria has made butter for 90 years and production manager Samir Suri says the team is thrilled at its seventh win.
“Our Western Star Original Salted Butter is testament to the consistency of the butter we produce, the expert craft of our team and, of course, the quality of our farmers’ milk. It helps explain why one pack of Western Star is sold every second.”
Andrew Sharp, a butter maker at Cobden for eight years, said how special it was to win a contest with 50 finalists.
“I’ve always believed the butter we make is the best, so it’s great to be recognised for it.”
The Australian
Grand Dairy Awards celebrated its 20th year this year, raising awareness of the quality and versatility of Australian dairy products.
To enter the national contest, a dairy producers must win a gold medal in a state-wide heat.
Fonterra directors and councillors are in for a pay rise next month.
Federated Farmers says it is cautiously welcoming signals from the Government that a major shake-up of local government is on its way.
Ashburton cropping and dairy farmer Matthew Paton has been elected to the board of rural services company, Ruralco.
The global agricultural landscape has entered a new phase where geopolitics – not only traditional market forces – will dictate agricultural trade flows, prices, and production decisions.
National Lamb Day is set to return in 2026 with organisers saying the celebrations will be bigger than ever.
Fonterra has dropped its forecast milk price mid-point by 50c as a surge in global milk production is putting downward pressure on commodity prices.
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