Fonterra forecasts 3% rise in NZ milk collection this season

Wed, 21 Jun 2017

By Tina Morrison June 22 (BusinessDesk) - Fonterra Cooperative Group expects to collect 3 percent more milk from New Zealand farms this season as higher milk prices encourage farmers to lift production. The country's dominant milk processor forecast its New Zealand milk collection for the current 2017/18 season would rise to 1,575 million kilograms of milk solids, from 1,526 million kgMS in the season ended on May 31, it said in its latest Global Dairy Update. Fonterra expects a better season ahead for the dairy industry as the world's...

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