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18 May 2022 1:34
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  •   Home > News > Rural

    Fonterra has been forced to slash its milk collection forecast

    Fonterra has been forced to slash its milk collection forecast


    Fonterra
    Fonterra
    The company has altered its 2021/2022 forecast down 1.6 per cent to 1.5 billion kilograms of milk solids.

    Chief Executive Miles Hurrell says varied weather and challenging growth conditions earlier in the season have seen milk collections down on the same period the year before.

    He says conditions were expected to improve over the Christmas and New Year period, but this hasn't happened.

    Hurrell says they'll continue to monitor the situation and carefully manage sales.

    © 2022 Newstalk ZB, NZCity

     Other Rural News
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     27 Apr: Fonterra says it would prefer no government conditions on its capital restructure, but always knew there was going to be some give and take
     20 Apr: Dairy farmers have plenty to be positive about, despite the recent drop in global dairy prices
     15 Apr: A new report claims the capital restructure of Fonterra, New Zealand's biggest business, will cause its farmers a short-term loss of $4 billion, strengthen the dairy company's market dominance and push up the price of chilled milk at the shops
     21 Mar: Trade and Export Growth Minister Damien O'Connor is supporting Fonterra's removal of business in Russia
     17 Mar: It's hoped boom time for farmers will mean the same for the country
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