Wednesday, 18 September 2024 13:25

Payout stakes

Written by  Milking It

OPINION: It's that time of the year again when milk processors announce their annual results and final milk payout for the previous season.

It’s also the time when Fonterra farmer shareholders and those who supply independent processors watch the small Waikato processor Tatua show them a clean pair of heels in the payout race.

Just to refresh your memory, Tatua paid its 101 shareholder farms a whopping $12.30/kgMS for milk supplied last season, leaving Fonterra and other processors in the dust. The small co-op’s earnings for the 2022-23 season equated to $15.20/kgMS before retention. They retained $2.90/kgMS or $43 million for reinvestment in the business.

Fonterra, Synlait and Tatua are expected to announce their results towards the end of this month.

More like this

Synlait snag

OPINION: Canterbury milk processor Synlait's recovery seems to have hit another snag.

Cynical politics

OPINION: There is zero chance that someone who joined Fonterra as a lobbyist, then served as a general manager of Fonterra's nutrient management programme, and sat on the board of Export NZ, a division of lobbyist group Business New Zealand, doesn't understand that local butter (and milk and cheese) prices are set by the international commodity price.

Why is butter so expensive in New Zealand? Fonterra explains

Kiwis love their butter, and that's great because New Zealand produces some of the best butter in the world. But when the price of butter goes up, it's tough for some, particularly when many other grocery staples have also gone up and the heat goes on co-operative Fonterra, the country's main butter maker. Here the co-op explains why butter prices are so high right now.

Featured

Cheeses recalled over listeria risk

New Zealand Food Safety (NZFS) says it is supporting importer Goodfood Group in its decision to recall Food Snob and Mon Ami brand French Brie and Camembert cheeses.

National

Machinery & Products

» Latest Print Issues Online

Milking It

Dreams aren't plans

OPINION: Milking It reckons if you're National, looking at recent polls, the dream scenario is that the elusive economic recovery…

Fatberg

OPINION: Sydney has a $12 million milk disposal problem.

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter