Fonterra has record quarterly exports, gets creative with shipping

Sun, 19 Aug 2012

By Peter Kerr Aug 20 (BusinessDesk) - Fonterra Cooperative Group, the world’s biggest exporter of dairy products, achieved record export in the final three months of its season of 620,000 tonnes. Its 2012 May, June and July shipments were 36% more than the same period last year, reinforcing the 2011/2012 record milk production by its 10,500 dairy farmer members. Total milk production was up 10% on 2010/2011. “We traditionally ship just over 450,000 tonnes at this time of year, but we’ve had a lot more product to move, and this has meant some...

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