{"id":8712,"date":"2013-10-01T00:00:00","date_gmt":"2013-09-30T11:00:00","guid":{"rendered":"https:\/\/www.farmersweekly.co.nz\/westland-pays-suppliers-more-than-fonterra\/"},"modified":"2013-10-01T00:00:00","modified_gmt":"2013-09-30T11:00:00","slug":"westland-pays-suppliers-more-than-fonterra","status":"publish","type":"post","link":"https:\/\/www.farmersweekly.co.nz\/news\/westland-pays-suppliers-more-than-fonterra\/","title":{"rendered":"Westland pays suppliers more than Fonterra"},"content":{"rendered":"<span class=\"rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\">&lt; 1<\/span> <span class=\"rt-label rt-postfix\">minute<\/span><\/span>","protected":false},"excerpt":{"rendered":"New Zealand\u2019s second largest dairy cooperative Westland Milk Products has confirmed its 2012-13 operating surplus is $6.34 per kilogram of milk solids (kgMS), with a retention of 30c, a seven per cent increase on the initial season opening budget. \u00a0The milk price paid by Westland is favourable compared with the $6.12 cash payout received by fully shared up Fonterra suppliers.\nChief Executive Rod Quin says that this is a satisfying result given the tough farming and trading conditions during the 2012-13 season. The 30c per kgMS retention will support the company\u2019s strategic growth plan while the net pay-out to shareholders remains very competitive.\nIn spite of the impact of a major flood event in South Westland then one of the worst droughts in living memory for most of the Coast, milk volumes from shareholders were up 5.7% at 621 million litres, and milk purchased from other dairy processors contributed a further 68 million litres. Turnover remained steady at $535 million, with a high New Zealand dollar dampening the high market prices in the second half of the season.\n\u201cThese results are a testament to the resilience and resourcefulness of our shareholders and staff\u201d Quin says. \u201cThere is a huge focus on productivity and quality which runs through the whole company from our farmer shareholders and suppliers to the staff on the factory floor and the sales team that is maintaining and growing our position with key customers.\u201d\nWestland ended the financial year with a slightly lower equity to assets ratio than last year at 49 per cent. This reflects the co-operative\u2019s recent investments, particularly in the development of new plant for the manufacture of specialist nutritional products such as baby formula.\n\n\u201cThe results confirm Westland\u2019s strategic decision to move from being a manufacturer of quality ingredients, to that of being a supplier of value-added nutritional products, which return higher prices for the co\n","protected":false},"author":33,"featured_media":8713,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_FSMCFIC_featured_image_caption":"","_FSMCFIC_featured_image_nocaption":"","_FSMCFIC_featured_image_hide":"","footnotes":""},"categories":[3],"tags":[],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO Pro 4.6.2 - aioseo.com -->\n\t\t<meta name=\"description\" content=\"New Zealand\u2019s second largest dairy cooperative Westland Milk Products has confirmed its 2012-13 operating surplus is $6.34 per kilogram of milk solids (kgMS), with a retention of 30c, a seven per cent increase on the initial season opening budget. The milk price paid by Westland is favourable compared with the $6.12 cash payout received by fully shared up Fonterra suppliers. Chief Executive Rod Quin says that this is a satisfying result given the tough farming and trading conditions during the 2012-13 season. The 30c per kgMS retention will support the company\u2019s strategic growth plan while the net pay-out to shareholders remains very competitive. In spite of the impact of a major flood event in South Westland then one of the worst droughts in living memory for most of the Coast, milk volumes from shareholders were up 5.7% at 621 million litres, and milk purchased from other dairy processors contributed a further 68 million litres. Turnover remained steady at $535 million, with a high New Zealand dollar dampening the high market prices in the second half of the season. \u201cThese results are a testament to the resilience and resourcefulness of our shareholders and staff\u201d Quin says. \u201cThere is a huge focus on productivity and quality which runs through the whole company from our farmer shareholders and suppliers to the staff on the factory floor and the sales team that is maintaining and growing our position with key customers.\u201d Westland ended the financial year with a slightly lower equity to assets ratio than last year at 49 per cent. This reflects the co-operative\u2019s recent investments, particularly in the development of new plant for the manufacture of specialist nutritional products such as baby formula. \u201cThe results confirm Westland\u2019s strategic decision to move from being a manufacturer of quality ingredients, to that of being a supplier of value-added nutritional products, which return higher prices for the co\" \/>\n\t\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t\t<link rel=\"canonical\" href=\"https:\/\/www.farmersweekly.co.nz\/news\/westland-pays-suppliers-more-than-fonterra\/\" \/>\n\t\t<meta name=\"generator\" content=\"All in One SEO Pro (AIOSEO) 4.6.2\" \/>\n\t\t<meta property=\"og:locale\" content=\"en_US\" \/>\n\t\t<meta property=\"og:site_name\" content=\"Farmers Weekly\" \/>\n\t\t<meta property=\"og:type\" content=\"article\" \/>\n\t\t<meta property=\"og:title\" content=\"Westland pays suppliers more than Fonterra\" \/>\n\t\t<meta property=\"og:description\" content=\"New Zealand\u2019s second largest dairy cooperative Westland Milk Products has confirmed its 2012-13 operating surplus is $6.34 per kilogram of milk solids (kgMS), with a retention of 30c, a seven per cent increase on the initial season opening budget. The milk price paid by Westland is favourable compared with the $6.12 cash payout received by fully shared up Fonterra suppliers. Chief Executive Rod Quin says that this is a satisfying result given the tough farming and trading conditions during the 2012-13 season. The 30c per kgMS retention will support the company\u2019s strategic growth plan while the net pay-out to shareholders remains very competitive. In spite of the impact of a major flood event in South Westland then one of the worst droughts in living memory for most of the Coast, milk volumes from shareholders were up 5.7% at 621 million litres, and milk purchased from other dairy processors contributed a further 68 million litres. Turnover remained steady at $535 million, with a high New Zealand dollar dampening the high market prices in the second half of the season. \u201cThese results are a testament to the resilience and resourcefulness of our shareholders and staff\u201d Quin says. \u201cThere is a huge focus on productivity and quality which runs through the whole company from our farmer shareholders and suppliers to the staff on the factory floor and the sales team that is maintaining and growing our position with key customers.\u201d Westland ended the financial year with a slightly lower equity to assets ratio than last year at 49 per cent. This reflects the co-operative\u2019s recent investments, particularly in the development of new plant for the manufacture of specialist nutritional products such as baby formula. \u201cThe results confirm Westland\u2019s strategic decision to move from being a manufacturer of quality ingredients, to that of being a supplier of value-added nutritional products, which return higher prices for the co\" \/>\n\t\t<meta property=\"og:url\" content=\"https:\/\/www.farmersweekly.co.nz\/news\/westland-pays-suppliers-more-than-fonterra\/\" \/>\n\t\t<meta property=\"og:image\" content=\"https:\/\/www.farmersweekly.co.nz\/wp-content\/uploads\/2022\/06\/Rod-Quin-Westland.jpg.jpg\" \/>\n\t\t<meta property=\"og:image:secure_url\" content=\"https:\/\/www.farmersweekly.co.nz\/wp-content\/uploads\/2022\/06\/Rod-Quin-Westland.jpg.jpg\" \/>\n\t\t<meta property=\"og:image:width\" content=\"140\" \/>\n\t\t<meta property=\"og:image:height\" content=\"165\" \/>\n\t\t<meta property=\"article:published_time\" content=\"2013-09-30T11:00:00+00:00\" \/>\n\t\t<meta property=\"article:modified_time\" content=\"2013-09-30T11:00:00+00:00\" \/>\n\t\t<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/FarmersWeeklyNZ\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n\t\t<meta name=\"twitter:site\" content=\"@FarmersWeeklyNZ\" \/>\n\t\t<meta name=\"twitter:title\" content=\"Westland pays suppliers more than Fonterra\" \/>\n\t\t<meta name=\"twitter:description\" content=\"New Zealand\u2019s second largest dairy cooperative Westland Milk Products has confirmed its 2012-13 operating surplus is $6.34 per kilogram of milk solids (kgMS), with a retention of 30c, a seven per cent increase on the initial season opening budget. The milk price paid by Westland is favourable compared with the $6.12 cash payout received by fully shared up Fonterra suppliers. Chief Executive Rod Quin says that this is a satisfying result given the tough farming and trading conditions during the 2012-13 season. The 30c per kgMS retention will support the company\u2019s strategic growth plan while the net pay-out to shareholders remains very competitive. In spite of the impact of a major flood event in South Westland then one of the worst droughts in living memory for most of the Coast, milk volumes from shareholders were up 5.7% at 621 million litres, and milk purchased from other dairy processors contributed a further 68 million litres. Turnover remained steady at $535 million, with a high New Zealand dollar dampening the high market prices in the second half of the season. \u201cThese results are a testament to the resilience and resourcefulness of our shareholders and staff\u201d Quin says. \u201cThere is a huge focus on productivity and quality which runs through the whole company from our farmer shareholders and suppliers to the staff on the factory floor and the sales team that is maintaining and growing our position with key customers.\u201d Westland ended the financial year with a slightly lower equity to assets ratio than last year at 49 per cent. This reflects the co-operative\u2019s recent investments, particularly in the development of new plant for the manufacture of specialist nutritional products such as baby formula. \u201cThe results confirm Westland\u2019s strategic decision to move from being a manufacturer of quality ingredients, to that of being a supplier of value-added nutritional products, which return higher prices for the co\" \/>\n\t\t<meta name=\"twitter:creator\" content=\"@FarmersWeeklyNZ\" \/>\n\t\t<meta name=\"twitter:image\" content=\"https:\/\/www.farmersweekly.co.nz\/wp-content\/uploads\/2022\/06\/Rod-Quin-Westland.jpg.jpg\" \/>\n\t\t<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t\t<meta name=\"twitter:data1\" content=\"Farmers Weekly\" \/>\n\t\t<script type=\"application\/ld+json\" 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confirmed its 2012-13 operating surplus is $6.34 per kilogram of milk solids (kgMS), with a retention of 30c, a seven per cent increase on the initial season opening budget. The milk price paid by Westland is favourable compared with the $6.12 cash payout received by fully shared up Fonterra suppliers. Chief Executive Rod Quin says that this is a satisfying result given the tough farming and trading conditions during the 2012-13 season. The 30c per kgMS retention will support the company\\u2019s strategic growth plan while the net pay-out to shareholders remains very competitive. In spite of the impact of a major flood event in South Westland then one of the worst droughts in living memory for most of the Coast, milk volumes from shareholders were up 5.7% at 621 million litres, and milk purchased from other dairy processors contributed a further 68 million litres. Turnover remained steady at $535 million, with a high New Zealand dollar dampening the high market prices in the second half of the season. \\u201cThese results are a testament to the resilience and resourcefulness of our shareholders and staff\\u201d Quin says. \\u201cThere is a huge focus on productivity and quality which runs through the whole company from our farmer shareholders and suppliers to the staff on the factory floor and the sales team that is maintaining and growing our position with key customers.\\u201d Westland ended the financial year with a slightly lower equity to assets ratio than last year at 49 per cent. 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The milk price paid by Westland is favourable compared with the $6.12 cash payout received by fully shared up Fonterra suppliers. Chief Executive Rod Quin says that this is a satisfying result given the tough farming and trading conditions during the 2012-13 season. The 30c per kgMS retention will support the company\u2019s strategic growth plan while the net pay-out to shareholders remains very competitive. In spite of the impact of a major flood event in South Westland then one of the worst droughts in living memory for most of the Coast, milk volumes from shareholders were up 5.7% at 621 million litres, and milk purchased from other dairy processors contributed a further 68 million litres. Turnover remained steady at $535 million, with a high New Zealand dollar dampening the high market prices in the second half of the season. \u201cThese results are a testament to the resilience and resourcefulness of our shareholders and staff\u201d Quin says. \u201cThere is a huge focus on productivity and quality which runs through the whole company from our farmer shareholders and suppliers to the staff on the factory floor and the sales team that is maintaining and growing our position with key customers.\u201d Westland ended the financial year with a slightly lower equity to assets ratio than last year at 49 per cent. This reflects the co-operative\u2019s recent investments, particularly in the development of new plant for the manufacture of specialist nutritional products such as baby formula. \u201cThe results confirm Westland\u2019s strategic decision to move from being a manufacturer of quality ingredients, to that of being a supplier of value-added nutritional products, which return higher prices for the co","canonical_url":"https:\/\/www.farmersweekly.co.nz\/news\/westland-pays-suppliers-more-than-fonterra\/","robots":"max-image-preview:large","keywords":"","webmasterTools":{"miscellaneous":""},"og:locale":"en_US","og:site_name":"Farmers Weekly","og:type":"article","og:title":"Westland pays suppliers more than Fonterra","og:description":"New Zealand\u2019s second largest dairy cooperative Westland Milk Products has confirmed its 2012-13 operating surplus is $6.34 per kilogram of milk solids (kgMS), with a retention of 30c, a seven per cent increase on the initial season opening budget. The milk price paid by Westland is favourable compared with the $6.12 cash payout received by fully shared up Fonterra suppliers. Chief Executive Rod Quin says that this is a satisfying result given the tough farming and trading conditions during the 2012-13 season. The 30c per kgMS retention will support the company\u2019s strategic growth plan while the net pay-out to shareholders remains very competitive. In spite of the impact of a major flood event in South Westland then one of the worst droughts in living memory for most of the Coast, milk volumes from shareholders were up 5.7% at 621 million litres, and milk purchased from other dairy processors contributed a further 68 million litres. Turnover remained steady at $535 million, with a high New Zealand dollar dampening the high market prices in the second half of the season. \u201cThese results are a testament to the resilience and resourcefulness of our shareholders and staff\u201d Quin says. \u201cThere is a huge focus on productivity and quality which runs through the whole company from our farmer shareholders and suppliers to the staff on the factory floor and the sales team that is maintaining and growing our position with key customers.\u201d Westland ended the financial year with a slightly lower equity to assets ratio than last year at 49 per cent. This reflects the co-operative\u2019s recent investments, particularly in the development of new plant for the manufacture of specialist nutritional products such as baby formula. \u201cThe results confirm Westland\u2019s strategic decision to move from being a manufacturer of quality ingredients, to that of being a supplier of value-added nutritional products, which return higher prices for the co","og:url":"https:\/\/www.farmersweekly.co.nz\/news\/westland-pays-suppliers-more-than-fonterra\/","og:image":"https:\/\/www.farmersweekly.co.nz\/wp-content\/uploads\/2022\/06\/Rod-Quin-Westland.jpg.jpg","og:image:secure_url":"https:\/\/www.farmersweekly.co.nz\/wp-content\/uploads\/2022\/06\/Rod-Quin-Westland.jpg.jpg","og:image:width":140,"og:image:height":165,"article:published_time":"2013-09-30T11:00:00+00:00","article:modified_time":"2013-09-30T11:00:00+00:00","article:publisher":"https:\/\/facebook.com\/FarmersWeeklyNZ","twitter:card":"summary_large_image","twitter:site":"@FarmersWeeklyNZ","twitter:title":"Westland pays suppliers more than Fonterra","twitter:description":"New Zealand\u2019s second largest dairy cooperative Westland Milk Products has confirmed its 2012-13 operating surplus is $6.34 per kilogram of milk solids (kgMS), with a retention of 30c, a seven per cent increase on the initial season opening budget. The milk price paid by Westland is favourable compared with the $6.12 cash payout received by fully shared up Fonterra suppliers. Chief Executive Rod Quin says that this is a satisfying result given the tough farming and trading conditions during the 2012-13 season. The 30c per kgMS retention will support the company\u2019s strategic growth plan while the net pay-out to shareholders remains very competitive. In spite of the impact of a major flood event in South Westland then one of the worst droughts in living memory for most of the Coast, milk volumes from shareholders were up 5.7% at 621 million litres, and milk purchased from other dairy processors contributed a further 68 million litres. Turnover remained steady at $535 million, with a high New Zealand dollar dampening the high market prices in the second half of the season. \u201cThese results are a testament to the resilience and resourcefulness of our shareholders and staff\u201d Quin says. \u201cThere is a huge focus on productivity and quality which runs through the whole company from our farmer shareholders and suppliers to the staff on the factory floor and the sales team that is maintaining and growing our position with key customers.\u201d Westland ended the financial year with a slightly lower equity to assets ratio than last year at 49 per cent. This reflects the co-operative\u2019s recent investments, particularly in the development of new plant for the manufacture of specialist nutritional products such as baby formula. \u201cThe results confirm Westland\u2019s strategic decision to move from being a manufacturer of quality ingredients, to that of being a supplier of value-added nutritional products, which return higher prices for the co","twitter:creator":"@FarmersWeeklyNZ","twitter:image":"https:\/\/www.farmersweekly.co.nz\/wp-content\/uploads\/2022\/06\/Rod-Quin-Westland.jpg.jpg","twitter:label1":"Written by","twitter:data1":"Farmers Weekly","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"BreadcrumbList","@id":"https:\/\/www.farmersweekly.co.nz\/news\/westland-pays-suppliers-more-than-fonterra\/#breadcrumblist","itemListElement":[{"@type":"ListItem","@id":"https:\/\/www.farmersweekly.co.nz\/#listItem","position":1,"name":"Home","item":"https:\/\/www.farmersweekly.co.nz\/","nextItem":"https:\/\/www.farmersweekly.co.nz\/news\/#listItem"},{"@type":"ListItem","@id":"https:\/\/www.farmersweekly.co.nz\/news\/#listItem","position":2,"name":"News","item":"https:\/\/www.farmersweekly.co.nz\/news\/","nextItem":"https:\/\/www.farmersweekly.co.nz\/news\/westland-pays-suppliers-more-than-fonterra\/#listItem","previousItem":"https:\/\/www.farmersweekly.co.nz\/#listItem"},{"@type":"ListItem","@id":"https:\/\/www.farmersweekly.co.nz\/news\/westland-pays-suppliers-more-than-fonterra\/#listItem","position":3,"name":"Westland pays suppliers more than Fonterra","previousItem":"https:\/\/www.farmersweekly.co.nz\/news\/#listItem"}]},{"@type":"NewsArticle","@id":"https:\/\/www.farmersweekly.co.nz\/news\/westland-pays-suppliers-more-than-fonterra\/#newsarticle","name":"Westland pays suppliers more than Fonterra","headline":"Westland pays suppliers more than Fonterra","author":{"@id":"https:\/\/www.farmersweekly.co.nz\/author\/staff-reporter\/#author"},"publisher":{"@id":"https:\/\/www.farmersweekly.co.nz\/#organization"},"image":{"@type":"ImageObject","url":"https:\/\/www.farmersweekly.co.nz\/wp-content\/uploads\/2022\/06\/Rod-Quin-Westland.jpg.jpg","width":140,"height":165,"caption":"rod-quin-westland"},"datePublished":"2013-10-01T00:00:00+13:00","dateModified":"2013-10-01T00:00:00+13:00","inLanguage":"en-US","mainEntityOfPage":{"@id":"https:\/\/www.farmersweekly.co.nz\/news\/westland-pays-suppliers-more-than-fonterra\/#webpage"},"isPartOf":{"@id":"https:\/\/www.farmersweekly.co.nz\/news\/westland-pays-suppliers-more-than-fonterra\/#webpage"},"articleSection":"News","dateline":"Published on October 1, 2013."},{"@type":"Organization","@id":"https:\/\/www.farmersweekly.co.nz\/#organization","name":"Farmers Weekly","url":"https:\/\/www.farmersweekly.co.nz\/","logo":{"@type":"ImageObject","url":"https:\/\/www.farmersweekly.co.nz\/wp-content\/uploads\/2022\/04\/Farmers-Weekly-logo.png","@id":"https:\/\/www.farmersweekly.co.nz\/news\/westland-pays-suppliers-more-than-fonterra\/#organizationLogo","width":1000,"height":97,"caption":"Farmers Weekly"},"image":{"@id":"https:\/\/www.farmersweekly.co.nz\/news\/westland-pays-suppliers-more-than-fonterra\/#organizationLogo"},"sameAs":["https:\/\/facebook.com\/FarmersWeeklyNZ","https:\/\/twitter.com\/FarmersWeeklyNZ","https:\/\/www.instagram.com\/farmersweeklynz","https:\/\/www.linkedin.com\/company\/farmers-weekly-nz"],"contactPoint":{"@type":"ContactPoint","telephone":"+64800852580","contactType":"General Enquiries"}},{"@type":"Person","@id":"https:\/\/www.farmersweekly.co.nz\/author\/staff-reporter\/#author","url":"https:\/\/www.farmersweekly.co.nz\/author\/staff-reporter\/","name":"Farmers Weekly","image":{"@type":"ImageObject","@id":"https:\/\/www.farmersweekly.co.nz\/news\/westland-pays-suppliers-more-than-fonterra\/#authorImage","url":"https:\/\/www.farmersweekly.co.nz\/wp-content\/uploads\/2022\/09\/cropped-FW_Linkedin_Logo_300x300px_01-1-96x96.jpg","width":96,"height":96,"caption":"Farmers Weekly"}},{"@type":"WebPage","@id":"https:\/\/www.farmersweekly.co.nz\/news\/westland-pays-suppliers-more-than-fonterra\/#webpage","url":"https:\/\/www.farmersweekly.co.nz\/news\/westland-pays-suppliers-more-than-fonterra\/","name":"Westland pays suppliers more than Fonterra","description":"New Zealand\u2019s second largest dairy cooperative Westland Milk Products has confirmed its 2012-13 operating surplus is $6.34 per kilogram of milk solids (kgMS), with a retention of 30c, a seven per cent increase on the initial season opening budget. The milk price paid by Westland is favourable compared with the $6.12 cash payout received by fully shared up Fonterra suppliers. Chief Executive Rod Quin says that this is a satisfying result given the tough farming and trading conditions during the 2012-13 season. The 30c per kgMS retention will support the company\u2019s strategic growth plan while the net pay-out to shareholders remains very competitive. In spite of the impact of a major flood event in South Westland then one of the worst droughts in living memory for most of the Coast, milk volumes from shareholders were up 5.7% at 621 million litres, and milk purchased from other dairy processors contributed a further 68 million litres. Turnover remained steady at $535 million, with a high New Zealand dollar dampening the high market prices in the second half of the season. \u201cThese results are a testament to the resilience and resourcefulness of our shareholders and staff\u201d Quin says. \u201cThere is a huge focus on productivity and quality which runs through the whole company from our farmer shareholders and suppliers to the staff on the factory floor and the sales team that is maintaining and growing our position with key customers.\u201d Westland ended the financial year with a slightly lower equity to assets ratio than last year at 49 per cent. This reflects the co-operative\u2019s recent investments, particularly in the development of new plant for the manufacture of specialist nutritional products such as baby formula. \u201cThe results confirm Westland\u2019s strategic decision to move from being a manufacturer of quality ingredients, to that of being a supplier of value-added nutritional products, which return higher prices for the 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20:49:44","updated":"2023-01-23 22:37:15"},"aioseo_breadcrumb":"<div class=\"aioseo-breadcrumbs\"><span class=\"aioseo-breadcrumb\">\n\t<a href=\"https:\/\/www.farmersweekly.co.nz\" title=\"Home\">Home<\/a>\n<\/span><span class=\"aioseo-breadcrumb-separator\">\u00bb<\/span><span class=\"aioseo-breadcrumb\">\n\t<a href=\"https:\/\/www.farmersweekly.co.nz\/news\/\" title=\"News\">News<\/a>\n<\/span><span class=\"aioseo-breadcrumb-separator\">\u00bb<\/span><span class=\"aioseo-breadcrumb\">\n\tWestland pays suppliers more than Fonterra\n<\/span><\/div>","aioseo_breadcrumb_json":[{"label":"Home","link":"https:\/\/www.farmersweekly.co.nz"},{"label":"News","link":"https:\/\/www.farmersweekly.co.nz\/news\/"},{"label":"Westland pays suppliers more than Fonterra","link":"https:\/\/www.farmersweekly.co.nz\/news\/westland-pays-suppliers-more-than-fonterra\/"}],"publishpress_future_action":{"enabled":false,"date":"2024-05-12 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