AHF (ASX) Ann: FY18/19 Milk Supply Contract Prices

Originally posted by Grant62 ↑

Yesterday, AHF announced its farm gate 2018/19 opening price of $6.00/kg v $5.78/kg 2017/18 - all Group
farms.

So, how does this compare to elsewhere? For example:

27/6/18
http://adf.farmonline.com.au/news/m...l/opening-milk-prices-under-fire/2757414.aspx

Analyst forecasts = $5.90 + (consensus) per kilogram milk solids.

Saputo = $5.75.

Fonterra = $5.85.

Lion = $5.82.

Lion (NSW) = $7.03

Lion (QLD) = $8.01

Rabobank forecast (full-year southern Australia) = $6.40

Fonterra is forecasting a closing average milk price range = $6.20 at the upper end for the season

3% broad increase for 2018/19

ABARE forecast = +2.1%

28/6/18
http://www.abc.net.au/news/rural/2018-06-20/more-dairy-farmers-set-to-leave-industry/9889406

Murray Goulburn = Opened at $5.75 per kilogram milk solids for its southern milk regions of Victoria and Tasmania

Murray Goulburn = 49.6 cents per litre for their suppliers in the NSW Sydney market region

1/7/18
http://www.abc.net.au/news/rural/2018-06-30/dairy-exodus-in-nsw/9924892

Bega Cheese announced:

the 2018–19 opening milk price of $6.70 per kilogram of milk solids

50 cents per litre for NSW producers

a 3 per cent increase on last year

16/5/18
https://www.countrynews.com.au/@dairy/2018/05/16/109253/processors-release-milk-prices

Fonterra = Fixed Base Milk Price for the 2018-19 season will be $5.90/kg of milk solids

Fixed Base Milk Price is a price risk management tool that lets farmers lock in a set price for up to 70 per cent of the season’s milk before the season starts, which the company says provides a greater price certainty by helping to reduce farmers’ exposure to market volatility.

Saputo (was) = Southern Milk Region and NSW. The increase of 5¢/kg butterfat and 11¢/kg protein takes the average farm gate milk price to about $5.68/kg, up from $5.60/kg, retrospective from July 1, 2017.

Australian Consolidated Milk = announced a 2018-19 farm gate milk price of $5.90/kg milk solids, up 10¢ on this season’s closing price.

31/5/18
http://adf.farmonline.com.au/news/m...a-announces-550620-closing-range/2757338.aspx

Fonterra Australia has announced a forecast closing farmgate milk price for the 2018/19 season in the range of $5.50 to $6.20 per kilogram of milk solids. This compares with this season's current forecast close of $5.62-$5.70/kg MS. Fonterra's current average weighted price is $5.62/kg MS.

Farmers are also receiving an additional 40 cents/kg MS bonus, paid so Fonterra could fulfil the benchmark milk price agreement for the 2015/16 season. This takes the current average weight price being received by farmers to $6.02/kg MS.

9/5/18
https://www.weeklytimesnow.com.au/a...y/news-story/8b991d3e4dab5eadd66e0aa29d13a4c9

Australian Consolidated Milk = will open the 2018-19 season with an improved farmgate milk price of $5.90 a kilogram milk solids. The new season price is 10 cents/kgMS up on this season’s close, as the Kyabram processor hunts for supply to build on its 350 million-litre milk pool. ACM has included options for a sign-on bonus for one, two or three years in an offer sent out to dairy farmers earlier this week. ACM general manager Peter Jones said the sign-on bonus of 9c/kg butterfat and 19c/kg protein was included in the average $5.90/kgMS.

Organic (ACM) = The average weighed price for ACM’s organic milk pool for the new season is $8.01/kgMS

Now, given ACM’s organic milk pricing and AHF’s own farmgate price of $6.00 across all its farms, not certain where this really puts the organic strategy going forward. CDC is likely therefore to be experiencing more pain before any referable gain is secured.

Time will tell, but clearly a $6.00 price (if averaged out suggests an outcome at the lower end of the scales, not the mid to upper end, so therefore also at the lower end of securing share and /or in delivering any direct farming results). Therefore, not really a good result, at all.

Expand

Grant you did a great research! thanks for your sharing.
Do you mind if I ask you wish sp up or down?

No.	Vol.	Price($)
6	431731	2.6¢

No.

Vol.

Price($)

431731

2.6¢

Price($)	Vol.	No.
3.0¢	3723050	3

Price($)

Vol.

No.

3.0¢

3723050

No.	Vol.	Price($)
10	740876	0.125
10	545141	0.120
4	362511	0.115
7	208000	0.110
1	25000	0.100

No.

Vol.

Price($)

740876

0.125

545141

0.120

362511

0.115

208000

0.110

25000

0.100

Price($)	Vol.	No.
0.130	88114	3
0.135	253636	8
0.140	460127	9
0.145	165385	2
0.150	157451	5

Price($)

Vol.

No.

0.130

88114

0.135

253636

0.140

460127

0.145

165385

0.150

157451

(20min delay)
Last 2.9¢		Change -0.001(3.33%)		Mkt cap ! $12.63M

Open	High	Low	Value	Volume
3.0¢	3.0¢	2.7¢	$68.26K	2.312M

Ann: FY18/19 Milk Supply Contract Prices, page-7

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

ASX Market Close: ASX closes above 8,400pts on green Wednesday | Nov 27, 2024

Buyers (Bids)

Sellers (Offers)

Ann: FY18/19 Milk Supply Contract Prices, page-7

Top Stories

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

ASX Market Close: ASX closes above 8,400pts on green Wednesday | Nov 27, 2024

Buyers (Bids)

Sellers (Offers)