Fonterra says season-to-date milk collection down 3% in NZ, down 1% in Australia

Wed, 27 Apr 2016

By Jonathan Underhill April 28 (BusinessDesk) - Fonterra Cooperative Group says milk collection is down in both New Zealand and Australia in the first 10 months of the season, reflecting destocking in its home market in the face of low milk prices and unfavourable weather across the Tasman. Milk collection across New Zealand fell 3 percent to 1.39 billion kilograms of milk solids in the 10 months ended March 31, with all of the decline coming in the North Island and no change in the south. The reduction was "largely a result of the low...

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