Norco Cooperative Limited: A Leader in the Australian Dairy Industry

Norco Cooperative Limited stands as a pivotal figure in the Australian dairy market, headquartered in the scenic region of Lismore, Northern New South Wales (NSW). With significant operations in Lismore, Raleigh, and Byron Bay, Norco has cemented its reputation as a key player in dairy processing, known for its commitment to quality and sustainability.

Financial Performance

In the fiscal year ending 2022, Norco achieved an estimated revenue of approximately AUD 700 million. A notable highlight for the cooperative was setting a new benchmark in the nation's dairy industry by increasing its farmgate milk price to $12.85 per kilogram of milk solids. In addition, Norco raised its minimum farmgate milk price by 1.6 cents per liter, bringing the total to 86.6 cents per liter.

Significant Events

In response to evolving market demands, Norco expanded its product line in 2020 by introducing organic dairy products, catering to the growing consumer preference for organic options. The following year, the cooperative launched the 'Green Dairy' initiative, focusing on reducing carbon emissions and promoting sustainable farming practices. By 2022, Norco had invested substantially in advanced processing technology to boost product quality and operational efficiency.

Continuing its proactive approach, on April 20, 2026, Norco announced an increase in farmgate milk prices due to rising fuel costs. This strategic move aims to address escalating living costs while ensuring sustainable operations.

Future Plans

Looking ahead, Norco is actively pursuing expansion in export markets, particularly in Asia. The cooperative is also focused on innovative product development to meet diverse consumer needs. A long-term environmental goal has been set to achieve zero net emissions by 2035, reflecting Norco's dedication to sustainability.

Leadership

Norco's management team is spearheaded by CEO Michael Hampson and CFO Andrew Burns, who bring extensive experience and dedication to advancing the company's growth and sustainability objectives.

Recognized as one of the top 10 companies in dairy processing in Australia, Norco distinguishes itself by maintaining higher product prices, setting it apart from many other processors in the market. Additionally, Norco, in collaboration with the Black Dog Institute, conducted a national study on farmer mental health and food security, highlighting its commitment to supporting the farming community.