Monthly Minimum Price Justification. Bega’s Monthly Minimum Prices are determined taking into account the following critical inputs: • financial returns from Australian and international dairy markets and price trends; • Australian dollar exchange rates (especially against the US dollar, Yen and Euro); • the milk production forecasts for the relevant supply region accounting for climatic and farm sustainability conditions in each region; • competition for milk in the relevant supply region; and • the internal product mix, customer contracts and operational efficiencies across the Bega Cheese Group. Once determined, the Monthly Minimum Prices are then transposed into our payment system for the relevant supply region.
Appears in 14 contracts
Samples: Milk Supply Agreement, Milk Supply Agreement, Milk Supply Agreement
