Dairy to stay weak

Townsville Bulletin - - NEWS -

DAIRY pro­ducer War­rnam­bool Cheese and But­ter Fac­tory still ex­pects dairy prices to re­main weak, with no im­prove­ment un­til late 2015 at the ear­li­est. War­rnam­bool Cheese, which is 88 per cent owned by Cana­dian dairy gi­ant Sa­puto and 11 per cent owned by Ja­pan’s Lion and Kirin, had said in May that weak in­ter­na­tional dairy prices would put pres­sure on the com­pany’s prof­itabil­ity in fis­cal 2016. “Cur­rently, and in line with our ex­pec­ta­tions, dairy prices re­main weak,” War­rnam­bool chair­man Lino Sa­puto said in an an­nual gen­eral meet­ing speech yesterday.

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