Australian Dairy Farms Group Ltd (ASX:AHF) has revealed new financial year milk supply contracts commencing at $6.00 per kilogram from the farm gate.
The contracts will continue to provide Camperdown Dairy and its customers and consumers with clear transparency to the origin of its milk and the farms and the cows that produced it.
Focused on achieving best price for surplus milk
AHF Group’s CEO Peter Skene said: “Since day one we have been evaluating options to use our own farm milk for Camperdown Dairy products in an effective and cost-efficient way, while also ensuring we achieve the best price for any surplus milk.
“With the cooperation of our milk supply partners we have achieved this target.”
Vertically integrated dairy company
AHF is a vertically integrated dairy producer that owns and operates four dairies on six properties totalling 1,330 hectares.
The dairy farms carry about 3660 livestock, which includes 2,347 milkers producing an estimated 17.8 million litres annually.
In April 2016, AHF completed the acquisition of the Camperdown Dairy processing plant including packaging facilities produces.
It distributes milk, butter and yoghurt to Victorian Woolworths, Coles and IGA supermarkets with the range of products home delivered across Australia.