Media statement: Miraka announces strong Milk Price update for dairy farmers
Tuesday, 3 December 2024
FOR IMMEDIATE RELEASE
MEDIA STATEMENT
Miraka announces strong Milk Price update for dairy farmers
Low-carbon dairy company, Miraka, has announced a strong update to its base Milk Price with a mid-point of $9.60 per kilogram of milk solids (kg/MS), and a range of $9.10 to $10.10 per kg/MS.
Chief Executive, Karl Gradon, said “We’re pleased to be announcing an increase in our milk price for our dairy farmers, following a period of strong performance of commodity prices and sales.”
“In October, we forecast a season payout of $9.17 per kg/MS. Our announcement today, of a mid-point of $9.60 per kg/MS, which takes our overall forecast for the 2024/25 season to $9.77 per kg/MS, including incentives, is highly competitive and has been well received by our dairy farmers.”
Joan Barendsen, General Manager, On-Farm Excellence, said “Our dairy farmers work hard to be industry-leaders when it comes to milk quality, kaitiakitanga and animal welfare. We’ve come out with a strong milk price update to underpin their efforts and commitment to farming excellence.”
Dairy farmers who supply milk to Miraka can earn an additional premium of up to $0.20 per kg/MS under the company’s on-farm excellence programme, Te Ara Miraka.
Miraka has paid more than $25 million in premiums to milk suppliers since 2015.
ENDS.
MEDIA ENQUIRIES:
MIRAKA
Te Mahau Kingi – Communications Manager
Email: comms@miraka.co.nz Mobile: +64 21 236 9115
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