date:May 07, 2012
rs.
The firm said it reflects the collapse in the value of bulk cream and the continuing and sustained impact of a challenging market environment.
Pete Nicholson, Wiseman Milk procurement director, said: After a three year period which has seen our farm-gate price increase five times by a cumulative 4.55 ppl, we must now reflect the competitive environment we are operating in and substantially lower returns from the bulk cream market.
The slide in the value of cream has accelerated since t