RECORD WAMMCO BONUS OFFSETS TOUGH YEAR
Media Release 28/07/2022
Western Australia’s largest sheep and lamb processing cooperative will return a record $8.4 million in pool bonuses to its producer members at the end of August 2022.
The 2021/22 financial year bonus includes 80c/kg for qualifying lambs and 40c/kg for qualifying mutton on deliveries to Katanning by about 700 contributing members.
The bonus is $6.4 million more than last year, and 4.1 million more than any other year in the cooperative’s history. It takes the total payout of pool bonuses by WAMMCO over the past nine years to a total of 31.25 million.
WAMMCO Group Chief Executive Coll MacRury said the result was extremely pleasing given the daunting impacts of labour shortages and crippling shipping and logistics issues.
Servicing key offshore markets with a depleted labour shortage has posed a major problem and the team has worked tirelessly with producers to keep our customers as happy as possible.
Mr MacRury predicted that labour shortages would continue to be the major challenge for WAMMCO going into the new season.
“We are working hard to find suitable offshore workers that can fill some of the many gaps in our labour force. The entire industry is in the same boat and better access to offshore workers has to be a priority for WA,” he said.
“The annual Katanning plant shutdown has been reduced to one week at the beginning of August and will then allow six weeks to address a serious backlog of old-season’ lamb, particularly if there is a run of hot, dry weather.”
WAMMCO’s 2021/22 result will be finalized at the annual meeting in Katanning in October.
Further comment: Coll MacRury WAMMCO 0409 371 295 / Geoff Gare Media 0414 683 531
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