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Westland Milk Products has announced a healthy payout to dairy farmers of $4.62/kg milksolids for the 2006-2007 year.
The company said its distributable surplus for the season was $4.72/kg milksolids, of which 10c/kg would be retained.
The figure follows dairy giant Fonterra's announcement last week that it had lifted its milk payout to its 11,600 farmers to $4.46/kg milksolids.