Fonterra milk price figures corrected

Fonterra Australia's average weighted price for non-exclusive milk supply rose from $5.56 a kilogram of milk solids to $5.90/kgMS, an increase of 34 cents.

But the monthly prices increased by 4c/kgMS and 5c/kgMS for fat and protein respectively.

The spring price for butterfat went from $4.02 to $4.06/kgMS and protein went from $5.63 to $5.68/kgMS for protein.

Fonterra milk supply general manager Matt Watt said the problem was rectified after a call from Stock & Land.

"When you rang earlier ... we checked with the team and they said, actually, there's a corrupt file so we've updated the prices," Mr Watt said.

The corrected spring prices are now $4.31/kgMS for butterfat and $6.03/kgMS for protein.

Its exclusive supply prices, which rose from $6.06 a kilogram of milk solids to $6.40/kgMS to match competitors Saputo Dairy Australia and Bega Cheese, were not affected.

The three versions of the non-exclusive milk supply agreements are available at https://www.aufarmsource.com.au/pricing on Fonterra Australia's website.

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