Fonterra signals further declines possible in milk production this season

Wed, 09 Sep 2015

By Tina Morrison Sept. 10 (BusinessDesk) - Fonterra Cooperative Group, the world's largest dairy exporter, held its forecast for lower milk volumes this season and signalled production may decline further. Auckland-based Fonterra reiterated that it expects 2015/16 milk volumes to fall between 2 and 3 percent to 1,589 million kilograms of milk solids compared with year earlier levels. However it may revise the volumes lower as farmers pull back production through the season, it said in a statement. Fonterra, New Zealand's largest milk p...

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