The dairy co-op's announced a 13-percent rise in annual operating profit and a record-high final milk payout of 10-dollars-16.
Chief Executive Miles Hurrell says it's a great result for farmers.
He says the price of wholesale butter globally has fallen 15 percent in the past two months.
Hurrell says while supermarkets have influence too on setting prices, at some point that should flow through to domestic consumers.
