{"id":5062,"date":"2022-02-16T10:20:25","date_gmt":"2022-02-16T08:20:25","guid":{"rendered":"https:\/\/globtech.co.zw\/?p=5062"},"modified":"2022-02-16T10:20:25","modified_gmt":"2022-02-16T08:20:25","slug":"norco-milk-to-pay-its-dairy-farmers-two-cents-more-per-litre","status":"publish","type":"post","link":"https:\/\/globtech.co.zw\/?p=5062","title":{"rendered":"Norco milk to pay its dairy farmers two cents more per litre"},"content":{"rendered":"

A number of Australian farmers are celebrating following the recent decision from dairy co-operative Norco milk to increase<\/a> its payments to suppliers.<\/p>\n

The price hike will result in farmers now snaring 77 cents per litre of milk until June 30 this year, a rise of two cents.<\/p>\n

It equates to $2million in additional revenue from Norco to over\u00a0300 of its members across northern and southern .<\/p>\n

Norco chief executive officer Michael Hampson said the increase would be welcome news, especially for those farmers who have endured drought conditions in recent years.<\/p>\n

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In good news for farmers across Australia Norco milk (pictured above) has increased its payments to suppliers<\/p>\n<\/div>\n

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The development will see farmers receive more funding for their dairy products (stock image)<\/p>\n<\/div>\n

‘Certainly for some of our members, this will be a record price for them,’ he said.<\/p>\n

‘This increase going out to our farmers should be incredibly well received based on the fact that they are still carrying a lot of debt from the prior years of drought.’<\/p>\n

The payment increase to suppliers was signed off at Norco’s board meeting on January 28.\u00a0<\/p>\n

Long term supplier Nicole Nicholls, who is based on the NSW far-north coast, said the generosity of Norco presents an opportunity to consolidate and then plan for the future on her farm.<\/p>\n

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