New Zealand dairy cooperative Tatua has declared a record payout of $12.42 per kilogram of milksolids (kgMS) for milk supplied by its 100 shareholder farms last season, up from $12.30 the previous season, Sudesh Kissun reports for Rural News Group.
The cooperative earned $13.93/kgMS on shareholder-supplied milksolids and will retain $1.51/kgMS for future growth and resilience. Outgoing chair Stephen Allen and chief executive Brendhan Greaney cited record shareholder milk collections, growth in its specialised product categories and the commissioning of Foods II, a major investment in extra cream products capacity.
"Although market pricing was broadly supportive, performance varied by product and region, with some customers affected by economic uncertainty, changing trade patterns and geopolitical disruption," they said, adding that Tatua's diverse products, markets and customers helped moderate the impact.
For comparison, Fonterra paid a milk price of $9.69/kgMS plus a 57 cent dividend; its $12.42 total last season included a special dividend and a capital return from the sale of its consumer business. Synlait's suppliers received $9.69 plus average incentives of $0.38, a total of $10.07.
Photo: Halter / Wikimedia Commons (CC BY-SA 4.0)
Source: Rural News Group
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