date:Mar 27, 2014
white gold rush as it earns its best returns from milk powder, but all-time high world dairy prices have ramped up its input costs while it has struggled to meet demand due a lack of factory capacity.
It maintained its forecast for the price it pays to its farmer shareholders of NZ$8.65 per kilo of milk solids for the year to July.
While this represents a record high farm-gate milk price, it is a discount of 70 NZ cents to its reference price calculated from global dairy prices, as the company