date:Mar 05, 2013
cult, says the company. There has been some improvement in international market pricing but the Australian dollar has remained relatively high, which has largely offset any price gains. In addition, ongoing competition in the raw milk market is likely to keep upward pressure on farm gate prices paid to milk suppliers.
Given the reduced half year result and uncertainty around full year expectations, Directors of WCB have not declared a half year dividend.
Meanwhile, consistent with the companys