Fonterra's season-to-date NZ milk collection falls more than aggregate for industry

Tue, 01 May 2018

By Jonathan Underhill May 1 (BusinessDesk) - Fonterra Cooperative Group's milk collection this season is tracking 2 percent lower than in 2017, a steeper decline than for the industry as a whole and suggesting rivals have picked up more of the national milk pool. Fonterra's global dairy update says the company collected about 1.31 million kilograms of milk solids in New Zealand in the 10 months ended March 31. It expects production for the whole season ending May 31 will be down on the previous year at 1.5 million kgMS, an improvement on...

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