Oceania

Australian Agricultural Company suffers $100m hit

Australian Agricultural Company suffers $100m hit

By Aidan Fortune

Australian Agricultural Company (AACo), the country’s largest cattle producer, has suffered a AUS $100m hit due to the harsh weather conditions experienced at the start of 2019.

Fonterra's Fixed Base Milk Price is a risk management tool that lets farmers lock in a set price for up to 70% of the season’s milk before it starts. Pic: ©Getty Images/petej

Fonterra announces fixed base milk price for 2019/20

By Jim Cornall

Fonterra farmers in Australia participating in the company’s Fixed Base Milk Price will be paid a guaranteed price of A$6.80 (US$4.74) per kilogram of milk solids (kgMS) for a portion of their milk for the 2019/20 season.

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