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Westland Milk turns to annual profit amid cost-cutting drive

Westland Milk turns to annual profit amid cost-cutting drive

By Tina Morrison Sept. 28 (BusinessDesk) - Westland Milk Products, New Zealand's second-largest dairy cooperative, turned to an annual profit as it reduced costs, processed less milk and lifted payments to its farmer suppliers. Hokitika-based Westland turned to a profit of...

Tina Morrison 27 Sep 2017
Synlait gains manufacturer registration for a2 Milk's China label infant formula

Synlait gains manufacturer registration for a2 Milk's China label infant formula

By Jonathan Underhill Sept. 28 (BusinessDesk) - Synlait Milk, whose shares reached a record high yesterday, says it has received manufacturer registration for a2 Milk's Chinese label infant formula, meaning the products will continue to have market access in 2018 when China ti...

NZ dollar gains before OCR review even as Trump tax plan, Fed view lift greenback

NZ dollar gains before OCR review even as Trump tax plan, Fed view lift greenback

By Jonathan Underhill Sept. 28 (BusinessDesk) - The New Zealand dollar rose ahead of the Reserve Bank's interest rate review while many other currencies fell against the greenback on the prospects for US rate hikes and President Donald Trump's plan to slash taxes. The kiwi...