Been revisiting a few interesting things today actually, here's another;
You know the drop in Synlait farm gate milk prices was from $8.31 last year to probably $4.40 this year (a drop of 47%), and the drop in global whole milk power prices during the ATM HY reporting period was a hefty 37% too.
That must surely be translating now into really quite good input cost savings for ATM under their farm gate contract supply terms. Noting that supermarket retail price points for a2 milk have not altered, aside from within the UK where they have gone up.
Thus, wouldn’t be at all surprised to see a tice tick up in gross margins at HY15 reporting actually
Attachment 6740
The retail price increase in the UK is per diagram below, shows good confidence in the UK market too IMO.
Attachment 6741
http://www.interest.co.nz/rural-data...payout-history