Fonterra cuts back GDT whole milk powders by a third over the next year

Thu, 13 Aug 2015

By Fiona Rotherham Aug. 13 (BusinessDesk) - Fonterra Cooperative Group, the world’s largest dairy exporter, is reducing by a third the amount of whole milk powder, the key commodity export ingredient, it sells on the GlobalDairyTrade platform over the next 12 months due to persistent low prices. The Auckland-based cooperative’s forecast cut the offer volumes over the next 12 months for its total New Zealand products by a further 56,045 metric tonnes, following a 62,930 metric tonne decrease in the past three months, it said in a statement...

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