Displaying items by tag: payout

DAIRY FARMERS should pay close attention to farm costs this season, says industry body DairyNZ, in response to the reduced 2014/15 forecast milk price.

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.

Fonterra has forecast an increase in its 2014 farmgate milk price by 50c to $8.30 per kgMS.

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.