Westland follows Open Country in cutting dairy payout prediction

Tue, 26 Jan 2016

By Edwin Mitson Jan. 26 (BusinessDesk) - Westland Milk Products, the dairy co-operative, has cut its payout predictions for its dairy farmers to $4.15 to $4.45 per kilogram of milk solids, down from $4.90 to $5.30/kgMS. Chairman Matt O'Regan described the new prediction as "grim news" but said it would not be unexpected given the widely publicised state of the global dairy market. He said lower prices were expected to remain for this season and into the second half of 2016. Westland was founded in 1937 and is the second largest dairy c...

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