NZ milk processors including Miraka lift forecast payouts, boosting economic outlook

Sun, 04 Dec 2016

By Tina Morrison Dec. 5 (BusinessDesk) - Advances in whole milk powder prices at recent GlobalDairyTrade auctions is bolstering the outlook for New Zealand's largest export commodity and prompting milk processors to hike their forecast payout levels to farmers this season, signalling a boost ahead for the local economy. Taupo-based milk processor Miraka hiked its base forecast late last week to a range of $5.80-to-$6 per kilogram of milk solids, joining Open Country Dairy which raised its forecast to $5.60-to-$5.90/kgMS, Westland Milk Pro...

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