Westland cautiously maintains 2017 forecast payout, citing price volatility

Tue, 27 Sep 2016

By Sophie Boot Sept. 28 (BusinessDesk) - Westland Milk Products, the Hokitika-based dairy cooperative, has cautiously affirmed its forecast payout for farmers for the current season, noting the recent recovery in global dairy market is still prone to volatility. The milk processor kept its forecast cash payout range for the 2016/17 season of between $4.55 and $4.95 per kilogram of milksolids and an advance payout rate of $3.80 per kgMS from September to June. Last month it forecast an average operating surplus between $4.75 and $5.15 per...

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