As the new financial year approaches, Tasmanian dairy farmers are waiting to see the price processors will set to open the season.
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The opening price helps farmers plan herd sizes and investments, but also whether they want to shop around.
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A number of key market forces are putting upward pressure on raw milk prices this year, including lower domestic supply volumes, increased domestic competition and higher global prices, Deloitte Audit & Assurance director Terry Ludeman said.
"Opening 2019-20 prices are almost certain to be higher than closing prices for 2018-19 across all Australian processors, and we expect these prices to remain stable for the remainder of the 2019-20 season," he said.
The recent decline in milk production should reverse, Mr Ludeman said.
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Johanna Baker-Dowdell
Johanna has more than 22 years experience as a journalist for newspapers, magazines and online publications.
Johanna has more than 22 years experience as a journalist for newspapers, magazines and online publications.
