Milk processors reap fatter margins in September quarter

Sun, 18 Nov 2018

By Paul McBeth Nov. 19 (BusinessDesk) - Cheaper raw milk prices and better prices for processed dairy products at home and abroad supported fatter margins for dairy product manufacturers in the second quarter. Prices received by dairy product manufacturing firms rose 6.5 percent in the three months ended Sept. 30 while input prices dropped 3.7 percent in the same period, Statistics New Zealand figures show. The upstream dairy producers have enjoyed the favourable price conditions over the past year as well, with output prices up 7.8 p...

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