fbpx
Print this page
Thursday, 02 October 2025 10:25

Tough times

Written by  Milking It

OPINION: Dairy industry players are also falling by the wayside as the economic downturn bites around the country.

Last month award-winning cheese company Cranky Goat went into voluntary liquidation.

This month, Christchurchbased milk powder manufacturer Wimpex followed suit. Started almost 18 years ago, Wimpex was hit hard by the downturn in Asian markets after the Covid-19 pandemic. The company owes almost $6m to unsecured creditors and over $2m to IRD.

Bigger players are also not immune to the downturn. Māori-owned Miraka Milk was in financial doldrums before being bought out by Open Country Dairy.

More like this

Featured

Waireka Research Station leads biodiversity restoration in New Plymouth

For more than 50 years, Waireka Research Station at New Plymouth has been a hub for globally important trials of fungicides, insecticides and herbicides, carried out on 16ha of orderly flat plots hedged for protection against the strong winds that sweep in from New Zealand’s west coast.

National

Machinery & Products