Fonterra sees smaller decline in 2017 milk production

Thu, 16 Feb 2017

By Paul McBeth Feb. 16 (BusinessDesk) - Fonterra sees a smaller decline in local milk production after better-than-expected collections followed unfavourable weather during peak milking months. New Zealand collections fell 1.4 percent to 172.5 million kilograms of milk solids in January from the same month a year earlier, taking the season-to-date total to 1.05 billion kgMS, down 5 percent from the 2016 season, the Auckland-based cooperative said in its latest Global Dairy update to the NZX. North Island collections were down 6.8 percent...

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