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Tatua Shining Light of the Dairy Industry


23 July 2003
PR143/2003
Tatua Shining Light of the Dairy Industry

"Tatua's payout of $5.60 per kilogram of milksolids is a shining example of the benefits of a low cost structure and high value niche market products, says Dairy Farmers of New Zealand Chair Kevin Wooding.

"An equivalent payout of $5.60 for Fonterra suppliers would add $160,000 to the bottom line of an average dairy farmer.

"It is an interesting comparison that for $10 million profit Tatua added 10 cents to their shareholders payout while Fonterra adds 1 cent for $10 million profit. Obviously this is a reflection of different cost structures but highlights what an innovative company can achieve."

ENDS

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