date:Mar 05, 2013
financial year were adversely impacted by heightened competition amongst processors sourcing raw milk in the local market, resulting in a milk price to revenue ratio of 70.4% versus 63.0% for the previous corresponding period.
As indicated in our November guidance, first half Financial Year 2013 earnings have been impacted by subdued international market prices, a strong Australian dollar and higher than normal raw milk costs, said WCBs Chairman Frank Davis.
The full year outlook remains diffi