Expect to pay more for your milk as increased costs, wet weather and an exodus of dairy farmers drive up prices

You can expect to pay more for a bottle of milk in coming weeks, as prices rise by 20 to 30 cents a litre following a 350-million litre fall in production across Australia in the latest season.  

Wet conditions, increased production costs and a decline in the number of Australian dairy farmers have all contributed to the increase. 

Rabobank analyst Michael Harvey says high production costs are being passed onto consumers.