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25 Nov 2024 0:22
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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.

    © 2024 Newstalk ZB, NZCity

     Other Rural News
     20 Nov: Dairy prices have risen another 1.9 percent at this morning's Global Dairy Trade auction
     12 Nov: Another global dairy giant could take over some of Fonterra's most well-known brands
     11 Nov: Good news for Kiwi dairy farmers, and more could be on the way
     06 Nov: Some good news for dairy farmers in today's Global Dairy Trade auction
     22 Oct: A big player in the dairy industry both in New Zealand and abroad, Theo Spierings , has died
     30 Sep: Fonterra is being sued - accused of greenwashing
     30 Sep: Fonterra's released its latest revised strategy, that will see it focus on selling ingredients to businesses, rather than finished food products to consumers
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