Fonterra NZ, Australia milk collection drops in season to date

Sun, 15 May 2016

By Tina Morrison May 16 (BusinessDesk) - Fonterra Cooperative Group says milk collection is down in New Zealand and Australia, its two largest markets, in the first 11 months of the season during a period of weak dairy prices. Milk collection across New Zealand fell 3.3 percent to 1.499 billion kilograms of milk solids in the season from June 1, 2015, through April 30, 2016, with all of the decline coming in the North Island while good weather conditions kept South Island production unchanged, Auckland-based Fonterra said in its Global Da...

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