Takeover bid?
OPINION: Canterbury milk processor Synlait is showing no sign of bouncing back from its financial doldrums.
On the back of declining international milk prices Westland Milk Products has reduced its predicted payout for the 2014-15 season.
Three more dairy companies – Miraka, Open Country and Westland – are reporting milk flows dipping as dry weather starts to affect grass growth and production, despite reasonable rain in many places in the past week.
For the second year in a row the West Coast is drying out, causing a drop in the milk flow to Westland Milk Products.
OPINION: Canterbury milk processor Synlait is showing no sign of bouncing back from its financial doldrums.
OPINION: It seems every bugger in this country can get an award these days.