Bulla Dairy Foods, one of Australia’s largest family owned dairy companies, is continuing to support its farmers by announcing an increase to its farmgate milk price by $0.10 per kg milk solids following latest business forecasts and strong sales results leading into Christmas.

The increase brings the price for the 2020-21 seasons for Band 1 suppliers to $6.80. The new price will be paid retrospectively on milk supplied to Bulla from 1st July 2020.

“This year has been a challenging year for everyone, however, we wanted to end it with some positive news for our farmers leading into Christmas," CEO of Bulla Dairy Foods Allan Hood said.

"We are forecasting our biggest Christmas and Summer period ever, this is driven primarily by the ongoing loyalty Australian consumers have shown for Bulla’s Australian, family owned and locally made dairy products," he said.

"In particular, we have seen strong demand for our Bulla Cream as more consumers seek inspiration for at-home cooking coupled with our Ice Cream range that continues to grow driven by the successful launch of our new Super Premium Range, Murray Street. "

"The increase allows our farmers to securely plan for the next couple of months and it further demonstrates our appreciation for their ongoing supply, support and efforts to consistently deliver high quality milk”

Bulla maintains a simple and transparent pricing approach.

There is no stop charge, volume charge or collection charge, so farmers receive 100 per cent of the price.

The company also applies a flat payment model to improve farmers’ cash flow throughout the season.