Clover has announced a decrease in producer prices “by a further 30 cents per litre from 1 August 2015, in addition to the 30 cents per litre reduction announced in May this year. The effective reduction in the price offered to producers is therefore 60 cents per litre effective from 1 August 2015.” Clover ascribed the decrease to high supply volumes and low commodity prices, which have resulted in the stock piling of products with a longer shelf life. Clover expressed concern about high production volumes in June and July when shortages traditionally occur. Other causes for concern are milk buyers wanting to sell raw milk to the company and buyers not paying producers on time.
Published on Monday, 13th July 2015 - 11:54
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