Westland Milk Products
Westland Milk Products has delivered its suppliers a payout of $3.971 kg/ms, a result its Chairman Ian Robb says speaks
volumes for the company’s performance.
Announcing the payout today, Mr Robb said that while lower commodity prices and unfavourable currency movements meant
that returns were lower than in the previous season, the result was excellent, reflecting a strong manufacturing and
marketing performance by the company.
“Despite negative factors which were beyond the company’s control, total revenues at $186 million were in line with last
year’s record result”, Mr Robb said.
The payout includes a payment for certain farm expenses made by the company on farmers behalf amounting to $0.036 kg/ms.
Dairying in Westland continues to expand. Westland Milk Products processed 352 million litres of milk during the season,
up from 337 million litres in 2001/2002.
Mr Robb said the company remained confident of its ability to continue delivering its shareholder farmers high returns.
He said the new milk powder drier commissioned at the start of the season had performed without problems and the company
was continuing to invest in the technology necessary to increase its penetration of world markets for high value
nutritional and ingredient products.