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Saputo Milk Supply Agreement

Apr 12th, 2021

“The impact of COVID-19 on economies and the market is still largely unknown and we are seeing a slowdown in demand relative to supply, which is driving prices down,” he said. Saputo President and Chief Operating Officer Kai Bockmann, speaking after the annual meeting and the announcement of first-quarter results in Canada, said the renegotiation of the contract with Coles paved the way for the processing of more milk by the Laverton North and Erskine Park plants, which Murray Goulburn had specially built five years ago to honour the 10-year contract. This section contains a list of dairy processors supplied by NSW milk producers and links to their milk delivery contracts containing their minimum milk price. It also contains information on the dairy industry`s code of conduct and reflections for milk producers who evaluate milk delivery agreements. Beston Global Food Company announced an opening price of $7.20 per kilogram for milk-based products. www.realdairy.com.au/warehouse/2020/06/milk-supply-agreement_20-21-version1-2.pdf Mr Saputo said that despite the overall decline in milk production in Australia, Saputo still wants to meet its milk processing targets. Bockmann described many competitors as “quite aggressive” in the hunt for supply, including new, smaller players who have entered the market. Competition authorities have encouraged farmers to carefully read their milk delivery agreement before signing and to understand their rights and obligations. FINDINGS: Saputo has not published its milk supply contracts on time. Saputo published the milk supply contracts it wanted to offer for the 2020/21 milk season on June 1 at around 3 p.m. dfmc.org.au/raw-milk-supply/#new-south-wales Saputo published, according to the ACCC, the milk supply contracts that saputo would offer for the 2020-21 milk season on June 1 at approximately 3 p.m., which would not have met the 14-hour deadline on the same day.

“So we`re finalizing some agreements to get more milk through the two facilities, which would lead us to reach maximum capacity for both parties.” www.norco.com.au/supply-milk-agreements.php Saputo said the company expected more competition for milk, which would put pressure on margins.

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