MURRAY Goulburn has announced its net average milk opening price for 2016-17 as $4.31 per kilogram of milk solids, with a full year available price of $4.80 per kilogram.
With many farmers claiming the cost of production is closer to $5kgms the low return is feared to be likely to force some producers out of the industry and to lead to lower production from other milk suppliers.
New Zealand-based processor Fonterra has also announced its opening farmgate milk price as $4.75/kg.
For more read Friday's Gippsland Times.