Fonterra says full-season milk collection up 1.2%

Tue, 25 Jun 2019

By Gavin Evans June 26 (BusinessDesk) - Fonterra says its New Zealand milk collection for the year through May rose 1.2 percent despite a weak end to the season. New Zealand’s biggest milk processor collected 1,522.7 million kilograms of milk solids in the year, and noted that the prior year had been a poor production season. Fonterra said May production by its suppliers fell to 68.4 million kgMS, down 3.5 percent from a year earlier, despite more favourable conditions across many regions in recent months. Conditions in May 2018 had al...

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