Fonterra to collect less milk this season, adds to global squeeze

Tighter supply will help support prices. (Image: Unsplash)

Tue, 11 Jan 2022

Fonterra Co-operative Group expects to collect less milk this season as weather issues take a bite out of production.The lower collection is expected to underpin a continuation of high global dairy prices.The dairy giant now expects to collect 1,500 million kilograms of milk solids (kgMS) in 12 months to May 31, down from a prior forecast of 1,525 million kgMS.Varied weather and challenging growing conditions across many parts of the country earlier in the season saw actual milk collections down on the same time last year, said chief executive...

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