Westland Milk follows Fonterra is raising payout forecast on upbeat outlook

Thu, 30 May 2013

May 30 (BusinessDesk) – Westland Milk Products, the Hokitika-based dairy cooperative, has raised its payout forecast for the 2014 season on expectations prices will be underpinned by strong demand and a global shortage of milk. Westland forecast a 2014 payment to farmers of $6.60 to $7 per kilogram of milk solids, up between 60 cents and 70 cents from what it expects to pay this season of $6 to $6.30 per kgMS. “The market is showing signs of supply constraints and higher than average prices are expected throughout next season,” chief executi...

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