Fonterra trims 2018 milk collection forecast on wet August, September

Mon, 16 Oct 2017

By Paul McBeth Oct. 16 (BusinessDesk) - Fonterra Cooperative Group trimmed its milk collection outlook for the 2018 season after a wet August and September sapped production, especially in the North Island. The Auckland-based cooperative lowered the forecast to 1,540 million kilograms of milk solids for the year ending May 31, 2018 from a previous projection of 1,575 kgMS, it said in its latest Global Dairy Update. Fonterra collected 171 million kgMS in September, down 2 percent from the same month a year earlier, while the year-to-date...

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