CORRECT: Fonterra lowers NZ milk collection forecast for this season on dry weather

Wed, 03 Jan 2018

(Corrects percentage change to reflect amended Fonterra statement in lead and second paragraph) By Tina Morrison Jan. 3 (BusinessDesk) - Fonterra Cooperative Group expects to collect 3 percent less milk from its New Zealand suppliers this season than it did in the prior season as dry weather stunts grass growth and lowers milk production. Auckland-based Fonterra revised its forecast for its New Zealand milk collection for the current 2017/18 season to 1,480 million kilograms of milk solids, down 3 percent from the 1,525 million kgMS i...

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