In a follow-up to this old mutt’s piece two issues ago about Fonterra directors getting to grips with the co-op’s…
WESTLAND HAS announced a pay-out prediction of $6 to $6.40/kgMS before retentions for the 2014-15 season just started.
A RECORD DEMAND for milk powders saw Fonterra's revenue up 21% - but after tax profit is down 53%, the cooperative has reported in its interim results.
WESTLAND EXPECTS sales revenue of more than $750 million this season resulting in an operating surplus of $7.60-$8/kgMS before retentions.
NEW ZEALAND dairy farmers are set to earn an extra $5 billion this season if the payout forecast holds and no spanners – such as another drought – fall into the works.
WAIKATO DAIRY processor Tatua's payout for the 2012-13 season is $7.40/kgMS, described as "stunning" by a Federated Farmers member and Tatua shareholder.
WESTLAND MILK has confirmed its 2012-13 operating surplus is $6.34/kgMS, with a retention of 30c, a 7% increase on the initial season opening budget.
Continuing high international commodity prices have seen Synlait Milk increase its forecast milk price for the FY2014 season from $7kgMS to $8 kgMS.
Westland has lifted its 2013/14 forecast to $7.60-$8/kgMS before retentions- $1/kgMS more than the company's first forecast in May. The advance rate has also increased to $5/kgMS, payable September 20, 2013.