Fonterra’s milk collection down 0.5 percent with one month of season to run

Tue, 07 May 2013

May 8 (BusinessDesk) – The impact of drought in February, March and April on dairy farms was greater than Fonterra Cooperative Group anticipated, with milk collection down 0.5 percent in the first 11 months of the season. The Auckland-based company collected 1.414 million kilograms of milk solids in the latest 11 months, from 1.421 million kgMS in the same period a year earlier, it said in its Global Dairy Update. In the North Island, where drought was declared in most regions, collection fell 5.2 percent, while in the South Island it rose 8....

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