Brendhan Greaney: Tatua chief executive on the company paying farmer suppliers a record $12.30/kgMS for this season's milk supply - Heather du Plessis-Allan Drive

Independent milk processor Tatua has announced a record-shattering payout for their farmer-shareholders.

The company has paid out $12.30/kgMS for milk supplied last season, beating out last year's $11.30/kgMS.

Tatua chief executive Brendhan Greaney says the company's had an odd start to the year, with fluctuating commodity ingredient prices having an impact on their overall earnings.

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