Fonterra milk collections remain below previous season, trend shifts in Oz

Thu, 12 Jan 2017

By Edwin Mitson Jan. 12 (BusinessDesk) - Milk collections by Fonterra Cooperative Group this season are continuing to track below the previous year, mainly due to lower production on the North Island. Collections in the seven months from June 1, 2016 to Dec. 31, 2016 were 881 million kilogrammes of milk solids, a fall of 5.5 percent on the same period in 2015, when prices were much lower. Some 186 million kgMS were collected in the month of December, down 5 percent on the same month a year ago. There was a clear gap between the two ma...

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