Australian Dairy Update: Burra Announces Increases07 May 2013
AUSTRALIA - Burra announced its fourth step-up of the season: $0.06/kg fat and $0.15/kg protein, taking the Gippsland-based company’s ‘weighted average available price’ up to $5.15/kg milk solids, say Dairy Australia.
- Fonterra Australia is investing $6.6m in upgrading its cheese and whey protein concentrate-manufacturing plant at Wynyard (Tasmania). Funding for the Wynyard upgrade includes a $659,000 Australian Government grant.
- Eight new cheese vats will be installed to increase potential capacity at the plant, currently producing 30,000 tonnes of cheese annually for domestic and export markets.
- Murray Goulburn (MG) is flagging opportunities for institutional investors looking at alternative assets: in an interview with ABC media, Shareholder Relations General Manager Robert Poole said that MG would ‘dearly love for Australian (superannuation) funds to put some money into dairy’ via its MG Partnerships programme.
- Announced earlier this year, MG’s ‘equity leasing model’ involves investors acquiring dairy farming land that they subsequently lease to the co-operative, which in turn subleases the land to its supplier members.
- Berry Rural Co-operative Society Limited announced it will build a new $1.5m milk processing plant at Berry (New South Wales) with a view to commencing construction around mid-year and having the plant operational by December.
- Currently, the 17-member Co-op’s milk is processed by Country Valley (based in Picton, southwest of Sydney) and sold locally in Berry and the surrounding region as ‘South Coast Milk.’
- The Victorian Government is committing $16m for an upgrade of the irrigation infrastructure in Gippsland’s Macalister Irrigation District (MID), which includes 33,500 hectares under irrigation with approximately 660 km of supply channels and 409 kilometres of drainage channels. Local
- MID irrigators are co-funding an additional $16m for the 3-year project.