Minnows beat Fonterra’s payout

Tatua Cooperative Dairy Company has rewarded its 112 shareholders with a payout of $8.00 per kilo of milk solids for last season.

Westland Milk Products bettered that, and set a record, with its payout of $8.29/kg.

Fonterra announced a $7.90/kg payout last week.

All companies are retaining some of that payout for future investments – 37c/kg for Tatua, 30c/kg for Westland and 24c for Fonterra.

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