Outgoing Westland Milk boss warns of two more seasons of dairy pain

Wed, 30 Mar 2016

By Edwin Mitson March 30 (BusinessDesk) - Outgoing Westland Milk Products chief executive Rod Quin has warned low milk payouts are likely to continue for another two seasons as the Hokitika-based dairy cooperative lowered its predicted payout for the current season by 10 cents. Shareholders are being told to expect to receive $3.90-$4.00 per kilo of milk solids, down from $4.00-$4.10/kgMS, a prediction only made a month ago. Quin and Westland chair Matt O'Regan say their conclusions are based on a recent trip to Europe, where the exp...

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