Archive: Fonterra reduce production forecast

Published 29 January 15

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New Zealand dairy co-operative, Fonterra, has announced a decrease in its milk production forecast for the current milk year. The co-op think production will end the year at approx. 20.7bn litres (1,532m kgMS), down 3.3% compared to the previous milk year of 21.4bn litres (1,584m kgMS). The reduction comes after the recent impacts of dry weather which has resulted in daily production being 6.1% lower than the previous year.