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

 

2012 peak milk production setting new records


MEDIA RELEASE – 30 NOVEMBER 2012

2012 peak milk production setting new records

In spite of a cold, wet spring on the West Coast, Westland Milk Products’ shareholder/suppliers on both sides of the Alps have re-written the record books with a peak milk production of 3.2 million litres, edging ahead of last season by 3% season to date.

Says Chief Executive Rod Quin: “This essentially means our shareholders are managing to maintain and even improve on production, which is a considerable testament to their productivity and efficiency.”

Peak milk is now declining in Canterbury but good volumes are still coming in from West Coast shareholders resulting in record amounts of product being produced on a weekly basis. For example, Westland made 10,617 metric tonnes of milk-based product to the end of, an 11.3% increase on last season. This was due in part to earlier milk collection enabling farmers to have more choice of their calving program.

“The challenge of this additional product is a welcome one especially in a rising market,” Quin says, “and that’s where our new capacity to manufacture nutritional products comes in.

“Our strategic decision to enter the higher value dairy nutritionals market was part of our commitment to improve our shareholders’ pay-out and put the company on a stronger financial footing.

“We commissioned our new infant formula plant in September and samples of these new products have been sent into the market and feedback has been very positive. We are on track for the new plant to come into full commercial production in February. This will not only mark a significant new chapter in Westland Milk Products’ history, it’s a significant step toward generating more value out of our milk and therefore returning more to our shareholders.”

ENDS


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Crown Accounts: Slightly Softer Growth Expected In PREFU

A slightly softer growth forecast is the main feature of largely unchanged Pre-election Fiscal Update compared to the Budget forecasts three months ago, Finance Minister Steven Joyce says. More>>

ALSO:

Water: Farming Leaders Pledge To Help Make Rivers Swimmable

In a first for the country, farming leaders have pledged to work together to help make New Zealand’s rivers swimmable for future generations. More>>

ALSO:

Unintended Consequences: Liquor Change For Grocery Stores On Tobacco Tax

Changes in the law made to enable grocery stores to continue holding liquor licences to sell alcohol despite increases in tobacco taxes will take effect on 15 September 2017. More>>

Back Again: Government Approves TPP11 Mandate

Trade Minister Todd McClay says New Zealand will be pushing for the minimal number of changes possible to the original TPP agreement, something that the remaining TPP11 countries have agreed on. More>>

ALSO:

By May 2018: Wider, Earlier Microbead Ban

The sale and manufacture of wash-off products containing plastic microbeads will be banned in New Zealand earlier than previously expected, Associate Environment Minister Scott Simpson announced today. More>>

ALSO: