Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Price increase for dairy products

mainland products limited

To be released Friday, Jan 23, 2pm

Price increase for dairy products

Mainland Products Ltd is to increase the prices of milk, cheese, butter and other dairy products by about six per cent, from March 1.

Chief Executive Officer Geoff Norgate said the price increases - the first in almost three years -- had arisen from increases in operating costs as well as higher international dairy commodity prices.

Mr Norgate said increased world prices "flow through to the input costs that processors pay for domestic milk. In the past, we have reduced market prices following commodity movements, such as in December 2002," he said.

Mr Norgate said that while retailers would determine the shelf prices, Mainland expected milk to rise by about 10 cents a litre from March 1.

Mainland sells dairy products under the Meadowfresh, Tararua, Galaxy, Ferndale and Mainland brands.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Elsewhere:


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>