Thursday, 15 February 2018 11:29

Big supply switch

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Fonterra has lost the supply of 4 million kgMS to rival Westland Milk.

Southern Pastures, which owns nine Canterbury farms, is switching supply from the 2018-19 season; it has also spent $6 million buying Westland shares at $1.50/share.

As a result, Southern Pastures becomes the largest shareholder in Westland.

Ex-All Black captain Graham Mourie is one of the principals of Southern Pastures.

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