Westland Milk signals higher 2018 payout after saving $70 mln under new management

Wed, 02 Aug 2017

By Sophie Boot Aug. 2 (BusinessDesk) - Westland Milk Products expects to pay a higher price at the farmgate in the 2018 season following what it says has been "10 months of analysis and systems change" under new management. The country's second-biggest dairy cooperative has been cutting staff numbers in an effort to trim its wage bill as part of a broader restructuring to run the milk processor more efficiently after a high cost structure was seen as weighing on the 2016 farmgate payout. It is forecasting a net payout range, after rete...

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