Yili's Oceania Dairy sets minimum 2015-16 milk payout at $4.50/kgMS, a premium to Fonterra forecast

Mon, 21 Sep 2015

By Jonathan Underhill Sept. 21 (BusinessDesk) - Oceania Dairy, the South Canterbury-based dairy company controlled by China's Inner Mongolia Yili Industrial Group, has set a guaranteed minimum milk payout for its suppliers this season at $4.50 per kilogram of milk solids, or 65 cents more than Fonterra Cooperative Group plans to pay. “With Fonterra reducing its forecast payout for the season to $3.85, we wanted to send an important signal of support and partnership to our supply farmers,” said Roger Usmar, Oceania's general manager. "By p...

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