Economists say Fonterra may be too pessimistic on milk production

Thu, 28 Feb 2019

By Rebecca Howard Feb. 28 (BusinessDesk) - Fonterra Cooperative Group lowered its full-season production forecast but some economists think it may be too pessimistic. Earlier today, Fonterra said it now expects to collect 1,530 million kilograms of milk solids, versus a prior forecast of 1,550 million kgMS, due to recent hot dry weather. The latest forecast is still 2 percent higher on the previous season. Season-to-date milk collection is up 4.5 percent at 1,083 million kgMS across New Zealand as farmers have benefited from stellar g...

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