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Thursday, 02 October 2025 10:25

Tough times

Written by  Milking It
Tough times

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.

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